The newest authorities knowledge confirmed that industrial production grew 3.8 per cent in January in opposition to a 5.8 per cent growth a 12 months in the past. The retail inflation remains almost unchanged at 5.09 per cent in February in comparison with 5.1 per cent in January, it added.
Inflation based mostly on the Consumer Price Index (CPI) was at 5.1 per cent in January and 6.44 per cent in February 2023.
According to the information launched by the National Statistical Office (NSO), retail inflation within the meals basket was at 8.66 per cent in February, marginally up from 8.3 per cent within the earlier month.
The Reserve Bank of India has been tasked by the federal government to make sure retail inflation remains at 4 per cent with a margin of two per cent on both facet.
Last month, the central financial institution projected the CPI inflation at 5.4 per cent for the present fiscal (2023-24) and recorded at 5 per cent within the January-March quarter.
