Retail inflation in December, on the other hand, rose to a four-month high because of a seasonal spike in the prices of vegetables, fruits, and pulses that the Reserve Bank of India has already factor
All indices in the IIP were at 100 in 2011-12 because it was the base year of the new series
Food inflation also declined to a three-month low of 6.56 per cent in September from 9.94 per cent in August
Food inflation fell to 6.56 per cent in September against 9.67 per cent in August
Production has been falling consistently over years
Core inflation, which excludes volatile food and fuel items, hovered around 5 per cent due to a slight deceleration in price rise of services
The IIP growth rate for the month of May came at 5.2%, according to the government release
Food inflation fell to an 18-month low of 2.91 per cent in May from 3.84 per cent in April
Segment falls 12% in FY23 over that in FY19 due to muted demand
With inflation remaining well below the tolerance band, experts foresee the RBI to maintain an extended pause
CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day
Industrial output rose to 3-month high in Feb
Factory output measured in terms of the Index of Industrial Production (IIP) grew 1.2 per cent in February 2022
One reason for decline is muted domestic demand, particularly in rural areas due to high inflation
Infrastructure goods and capital goods grew at a robust 8.1 per cent and 10.95 per cent, respectively
Experts say manufacturing is declining due to a slump in overseas demand and production-linked incentive schemes will take time to yield results
In the first three quarters of FY23 (April- December), IIP grew 5.4 per cent against 15.2 per cent during the year-ago period
Mining output rose by 9.8 per cent and power generation increased by 10.4 per cent during the month under review
The mining output rose by 9.7 per cent and power generation increased by 12.7 per cent during the month under review
The reduction in non-residents' financial assets in India though was relatively lesser at $9.6 billion