Double whammy for economy, Retail inflation rises to 5.34% in April, factory output growth down


In a significant hit to Indian economy, the data released on Thursday said that retail inflation had risen to 5.39% in April while the factory output growth had slowed down to 0.1% in March.


The industrial production growth was at 2.5 % a year ago while the retail inflation was at 4.83 % in March.

Also Read | Industrial output down and inflation up, India Inc ask Jaitley for economy’s revival remedies

Industrial production growth for 2015-16 fiscal has also declined to 2.4 % from 2.8 % in 2014-15.

According to Business Standard, the manufacturing sector output contracted to 1.2% in March as compared to 0.7% in February

CPI as of March was at 6-month low and eased for the second consecutive month.

More to follow