Industrial output growth slips to 1.7% in January, inflation rises to 2.57%

The index of industrial production (IIP) grew at a two-month low of 1.7% in January, dragged by subdued manufacturing activities, compared to 2.6% in December

Industrial output growth slipped in January, while the retail price inflation rate rose to a four-month high, showed official data released on Tuesday.

But, since the inflation rate remained below the average of the Reserve Bank of India's (RBI’s) target, economists said the central bank’s monetary policy committee (MPC) might cut the repo rate by 25 basis points in its April meeting to spur growth momentum in the economy.

The index of industrial production (IIP) grew at a two-month low of 1.7 per cent in January, dragged by subdued manufacturing activities, compared to 2.6 per cent in December.

The consumer price index (CPI)-based