Retail inflation eases to 4.29% in April, IIP grows 22.4% in March
As per the data released by the Ministry of Statistics and Programme Implementation, inflation in the food basket was 2.02% in April, down from 4.87% in the preceding month
Retail inflation slowed to 4.29% in April from 5.52% in March, mainly due to easing food prices, government data showed on Wednesday.
As per the data released by the Ministry of Statistics and Programme Implementation, inflation in the food basket was 2.02% in April, down from 4.87% in the preceding month.
Separately, India’s industrial production grew by 22.4% in March, official data showed on Wednesday.
According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output surged 25.8% in March 2021. Mining output climbed 6.1% and power generation increased by 22.5% in March. The IIP had shrunk by 18.7% in March 2020.
During 2020-21, IIP contracted 8.6% compared to 0.8% contraction in 2019-20.
Industrial production has been hit due to the COVID-19 pandemic since March last year when it contracted by 18.7%. The IIP had registered a growth of 5.2% in February last year.
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