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Commodity conundrum

Higher international prices will increase policy risks

Topics
Index of Industrial Production | IIP | Indian Economy

Business Standard Editorial Comment  |  New Delhi 



A decline in the rate and a surge in the (IIP) would please markets and policymakers alike in normal circumstances. But economic indicators warrant careful interpretation in extraordinary times such as these. The latest data shows that the retail rate moderated to 4.3 per cent in April, while industrial production in March went up by 22.4 per cent. Both the and numbers were impacted by a favourable base. Growth in industrial production will moderate in the coming months as the base effect of last year’s stringent lockdown fades. However, inflation outcomes would be influenced by a variety of factors. Both the government and the (RBI) will need to be watchful to keep the pace of price rise within the tolerance limits.

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First Published: Thu, May 13 2021. 22:47 IST

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