Industrial production grew at 2 per cent in February after remaining negative for three months and retail inflation dropped to a 6-month low of 4.83 per cent in March, reflecting some improvement in t
Industrial production grew at 2 per cent in February after remaining negative for three months and retail inflation dropped to a 6-month low of 4.83 per cent in March, reflecting some improvement in the economy and offering further scope to RBI to stay accommodative.
Factory output measured in terms of the index of industrial production (IIP) declined 3.4 per cent in November, 1.2 per cent in December and 1.5 per cent in January.
Meanwhile, inflation fell on account of cheaper food articles such as vegetables and pulses. The retail inflation, measured on Consumer Price Index (CPI), in February was revised upwards to 5.26 per cent from 5.18.
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