• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Industrial output growth dips to 4.3% in July; retail inflation rises to 3.21% in August

By Simran Kashyap
|

New Delhi, Sep 12: The industrial production growth slowed to 4.3 percent in July, dragged mainly by manufacturing sector's poor show, while retail inflation rate rose to 3.21 percent in August due to higher food prices, said government data released on Thursday.

Industrial output growth dips to 4.3% in July; retail inflation rises to 3.21% in August

Though the retail inflation rose, it remained under 4 percent, the comfort level of the Reserve Bank of India (RBI), for the straight 13th month.

Slump in GDP 'Modi-made disaster', not due to global issues: Congress

Factory output, as measured by the Index of Industrial Production (IIP), had expanded 6.5 percent in July 2018.

The industrial output growth was recorded at 1.2 percent in June and 4.6 percent in May this year.

According to data released by the Ministry of Statistics and Programme Implementation, industrial output grew at 3.3 percent in April-July period this fiscal, down from 5.4 percent growth in the same period a year ago.

On August 23, Finance Minister Nirmala Sitharaman announced a slew of measures like eased foreign investment rules, concessions on vehicle purchases and encouraged banks to make loans cheaper to spur growth from a five-year low.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more