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IIP shoots up on low base, retail inflation eases to a three-month low

Economists say policy rate reduction unlikely

Topics
March IIP | Index of Industrial Production | Lockdown

Dilasha Seth & Shreya Nandi  |  New Delhi 



IIP, Industry, manufacturing
Rising global commodity prices are expected to add to inflationary pressures, while industrial growth is expected to recede in May with economic activity increasingly getting disrupted across the country

Industrial production was up 22.4 per cent in March on a low year-on-year (YoY) base against a 3.4 per cent contraction in February, the data released by the National Statistical Office showed on Wednesday.

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First Published: Thu, May 13 2021. 00:09 IST

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