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12 June 2018
 |
| IIP
(The Total Investment & Insurance Solutions) |
Factory
output measured in terms of Index of Industrial Production (IIP) grew by 4.9
percent in April, while retail inflation inched up in May to 4.87 percent,
government data showed on Tuesday.
Consumer
price inflation, which the Reserve Bank of India (RBI) targets in setting
interest rates, accelerated to a four-month high of 4.87 percent in May,
government data showed on Tuesday, driven by higher fuel prices and a
depreciating rupee. The Total
Investment & Insurance Solutions
In
terms of industries, sixteen out of the twenty three industry groups in the
manufacturing sector have shown positive growth during the month of April 2018
as compared to the corresponding month of the previous year, government data
showed. The Total Investment &
Insurance Solutions
Manufacturing
sector, which constitutes over 77 percent of the index, grew at 5.2 percent in
April as compared to 4.5 percent in the same month a year ago.
The
output of mining sector acelerated to 5.1 percent during the month as
compared to 2.3 percent in March 2017. Power generation decelerated to
2.1 percent as against 5.4 percent in March 2017.
In
March Industrial output grew by 4.4 percent the slowest in five months, due to
a fall in capital goods production and deceleration in mining activity,
according to the official data. The
Total Investment & Insurance Solutions
The
Reserve Bank of India (RBI) last week raised its benchmark interest rate for
the first time since 2014, by 25 basis points to 6.25 percent, citing inflation
concerns. The Total Investment &
Insurance Solutions
The RBI revised up
its inflation forecast to 4.7 percent for the second half of the fiscal year
ending in March 2019, from the 4.4 percent it projected earlier.The Total Investment & Insurance
Solutions
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