India’s retail inflation surged to 6.21% in October, a 14-month high driven by rising food and fuel prices, while industrial output expanded by 3.1% in September.
The growth in IIP was broad-based, with all the three major sectors – manufacturing, mining and electricity – registering positive growth.
As per IIP data released, manufacturing sector output declined by 3.7 per cent in February 2021.
The data released by the Central Statistics Office (CSO), shows that the Index of Industrial Production (IIP) in June was higher on sequential as well as on the year-on-year basis.
The official data showed that the combined push of food and fuel prices drove retail inflation in India in May towards the 5 per cent mark.
India's factory output rose 5.7 per cent in November compared to a contraction of 3.4 per cent in the same month a year ago, while retail inflation declined to 3.41 per cent in December from 3.63 per cent in the month before.
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Mumbai: The benchmark S&P BSE Sensex today slumped by 215.57 points, the first loss in six sessions, to end at 19,781.88 as investors adopted a cautious stance ahead of IIP and retail inflation data, amid
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