India's factory output logs 2% growth, inflation falls

The annual food inflation for the month also showed a decline to 5.21% from 5.30%

 

In what comes as a twin dose of positive news, India's factory output for February logged a growth of 2% after three straight months of decline, even as annual retail inflation fell to 4.83% in March from 5.26% in the month before.
 
The annual food inflation for the month also showed a decline to 5.21% from 5.30%, but the manufacturing sector continued to be pressured, barely managing a growth of 0.7%  in February, as per data released by the Central Statistics Office on Tuesday.
 
The news comes over and above the predictions by the Indian Meteorological Department that after two straight years of drought, India is likely to be showered with above-normal rains during the upcoming monsoon season, with a probability of more than 94 percent precipitation.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 
Comments
Free Helpline
Legal Credit
Feedback