The country's industrial production grew 5.7 per cent in November against contraction of 3.4 per cent same month last year,…
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The country's industrial production grew 5.7 per cent in November against contraction of 3.4 per cent same month last year, Retail inflation eased to 3.41 per cent in December from 3.63 per cent in the previous month, according to IIP data released on Thursday.
Factory output, as per the index for industrial production, had dipped 1.81 per cent in October.
According to the Central Statistics Office (CSO), which released the data, the rise was mainly on account of a 5.5 per cent increase in manufacturing output, which also has the maximum weight in the overall index. Among the other two major sub-indices, electricity generation increased by 8.9 per cent while that for mining output was up by 3.9 per cent.
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The overall growth of the country's factory output rose marginally by 0.4 per cent in the first seven months of the current fiscal, as against 3.8 per cent cumulative growth in the last corresponding period.
Retail inflation, according to the Consumer Price Index (CPI) data, eased last month from 5.61 per cent reported during the corresponding period last year. The fall in CPI was mainly due to a drop in the annual food inflation — to 1.37 per cent in December from 2.03 per cent in November.
The CPI data revealed that the annual retail inflation for rural India was 3.83 per cent while that for the urban centres was 2.90 per cent. The annual food inflation was 2.06 per cent in rural areas and 0.15 per cent in the urban conclaves.
(With inputs from agencies)
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