Retail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released today. The industrial production grew 5. 9 per cent in May this year, mainly due to good show by mining and power sectors.
The manufacturing sector, which provides quality jobs to the young graduates passing out from the country’s universities and engineering institutes, posted a 5.2 per cent growth during the month.
Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022.
India's Industrial Production: Data released by National Statistical Office shows a 4.3 per cent rise in India's Industrial Production in December.
Low base effect, along with a rise in demand, pushed India's industrial output higher by 11.9 per cent in August, on a year-on-year basis.
As per IIP data released, manufacturing sector output declined by 3.7 per cent in February 2021.
The manufacturing sector, which contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019 as against a growth of 5.2 per cent in the same month of last year.
On the prices front, the report said, reversal in food prices that have remained unusually low are likely to push up inflation.
The ease in the inflation number was mostly driven by lower food prices. However, the figure remains higher than the 4 per cent target of the Reserve Bank of India.
According to the annual report by the Global Innovation Policy Center (GIPC) of the US Chambers of Commerce released in Washington, India has "increased substantially" its score in the latest Intellectual Property (IP) index.
As per the new IIP, with the revised base year of 2011-12, factory output had declined by (-)0.1 per cent during June due to a drop in manufacturing, from a rise of 2.80 per cent reported for May this year.
The country’s industrial production recovered marginally in September. As per the data on Index of Industrial Production (IIP) released by the Central Statistics Office (CSO) here on Friday, the factory output inched up by 0.72 per cent from a decele
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