New Delhi, July 12
India’s industrial output growth slipped to 3.1% in May mainly on account of subdued performance of mining and manufacturing sectors, according to government data released on Friday.
The Index of Industrial Production (IIP) had expanded by 3.8% in May 2018. The index grew at 4.3% in April and 0.4% in March this year. The expansion in the mining sector was merely 3.2% in May, as compared to 5.8% in the year-ago month.
Similarly, the growth in the manufacturing sector was also subdued at 2.5% in May, compared to 3.6% in the corresponding month of the last fiscal. However, the power generation grew at 7.4% in May, against 4.2% in same month last year.
Retail inflation rises to 3.18% in June
Rising for sixth month in a row, retail inflation rose to 3.18% in June due to costlier food products such as grains, pulses and protein-rich items meat and fish, government data showed on Friday.
The Consumer Price Index (CPI)-based retail inflation was at 3.05% in the preceding month of May 2019. — PTI
from The Tribune https://ift.tt/2XYZ5pD
via Today’s News Headlines
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