This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.

India's Factory Output Rises 5.7% In November, Retail Inflation Cools To 3.41%

The factory output, as per the Index of Industrial Production (IIP), had declined by 1.81% in October.
Munish Sharma / Reuters

NEW DELHI -- India's factory output rose 5.7% in November, the first month of the government's demonetisation drive, while retail inflation declined to 3.41% in December from 3.63% in the month before, official data showed on Thursday.

The factory output, as per the Index of Industrial Production (IIP), had declined by 1.81% in October and a 3.4 % slide in the corresponding month of 2016.

As per the IIP data released by the Central Statistics Office (CSO), the rise was mainly on account of a 5.5% increase in manufacturing output, which also has the maximum weight in the overall index.

Among the other two major sub-indices, electricity generation increased by 8.9% while that for mining output was up by 3.9%.

The cumulative growth of the country's factory output inched up by 0.4% in the first seven months of the current fiscal, as against cumulative growth of 3.8% during the corresponding period of last fiscal.

Retail inflation, according to the Consumer Price Index (CPI) data, eased last month from 5.61% reported during the corresponding period last year.

The fall in CPI was mainly due to a drop in the annual food inflation -- to 1.37% in December from 2.03% in November.

The CPI data revealed that the annual retail inflation for rural India was 3.83%, while that for the urban centres was 2.90%. The annual food inflation was 2.06% in rural areas and 0.15% in the urban conclaves.

Also on HuffPost India:

'Indica: A Deep Natural History Of The Indian Subcontinent' Is More Compelling Than Sci-Fi

Close
This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.