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
Segments are yet to recover from pre-covid period of 2019-20 when the economy started slowing down
India's industrial production grew 3.1 per cent in September, according to official data released on Friday. The Index of Industrial Production (IIP) had grown 4.4 per cent in September 2021. As per the IIP data released by the National Statistical Office (NSO), the manufacturing sector's output grew by 1.8 per cent in September 2022. The mining output rose 4.6 per cent and power generation increased 11.6 per cent during the month.
IIP shrinks 0.8% in Aug - a first in 17 months
For the ninth month in a row, retail inflation has remained above the Reserve Bank of India's tolerance level of 6%