India’s factory output growth down to 3.6%, inflation up


India’s factory output growth decelerated sharply to 3.6 percent in September from 6.4 percent in the month before, even as retail inflation for October moved up significantly to 5.25 percent from 4.41 percent for the month before, official data showed on Thursday.

Also Read:  If Shiv Sena doesn't quit, it shows its lure for power: Sharad Pawar

While the industrial production growth was lower on account of a dip in manufacturing index, the inflation rate moved up due to sharp increased in the prices of food articles in general and those for pulses, in particular, as per separate sets of data released by the ministry of statistics and programme implementation.

Also Read:  Arvind Kejriwal vows to punish Ola, Uber taxis

A survey of economists by Reuters’ had forecast that retail inflation in October would accelerate to 4.82 percent year-on-year.

Retail food inflation in October came in at 5.25 percent, higher than 3.88 percent recorded in September.

Also Read:  First 'Shahi Snan' of Nasik Kumbh Mela

India’s central bank estimates retail inflation to be at 5.8 percent by January 2016.


Please enter your comment!
Please enter your name here