On one hand, growth is slowing down, while on the other, inflation is inching up
The Index of Industrial Production (IIP) had expanded by 4.8 per cent in August 2018.
June growth rate falls to 0.2%, from 4.3 % in May, as refinery, steel and cement production weakens
Of 23 sub-sectors within manufacturing, only two recorded a year-on-year contraction, down from seven in September
IIP had grown at more than 7 per cent for the third straight month till January