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.

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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.

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