Industrial output down, inflation at 5.05 percent

It is expected that the RBI would cut rates in the coming monetary policy review

GN Bureau | September 14, 2016


#monetary policy review   #rate cut   #RBI   #inflation   #Industrial output  


 India’s industrial output declined by 2.4 percent in the month of July after it had climbed 1.95 percent the month before. However, the government data also showed a slower inflation at 5.05 percent in August; the RBI has set a target of 5 percent retail inflation by March 2017. 

The dip in inflation is mainly because of a steep fall in food inflation –  from 8.35 percent in July to 5.91 in percent August. 
 
The reason behind fall in industrial output was primarily due to dip in production in the manufacturing sector, which forms a major portion of the IIP (index of industrial production) – it declined by 3.4 percent in July. 
 
Both these events are expected to push the apex bank to cut rates at the next monetary policy review scheduled on October 4.
 

Comments

 

Other News

If art or culture disappears, it wipes out an entire generation with it: Pankaj Tripathi

Known for his indelible roles in Gangs of Wasseypur and Nil Battey Sannata, Pankaj Tripathi  hails from a village in Bihar where many people still don’t have TV sets at home. His parents are farmers in Gopalganj district and the down-to-earth actor likes working in his farm whenever he visit

The unbearable weight of scorched earth

The National Aeronautics and Space Administration (NASA) and the National Oceanic and Atmospheric Administration (NOAA), in independent analyses, have declared 2016 the hottest year since 1880. Scientists have said that the planet witnessed three consecutive years of record heat.  The

Does India need IPS and IAS officers?

Does India need IPS and IAS officers?

PSUs under steel ministry must share resources: Minister

Steel minister Chaudhary Birender Singh has directed a high-level coordination committee comprising CMDs and top ministry officials to be constituted for pooling and sharing of resources among PSUs.   He said, “This will lead to aggregation of demand and economies of sc

India seeks dispute panel against US at WTO

India has submitted its first request for establishment of a dispute panel against the US at the World Trade Organisation (WTO)—a request that was blocked by Washington on February 20 stating that this dispute was launched for purely political reasons. According to India, eleven measures ad

So what Pahlaj Nihalani, if there`s lipstick under the burkha

The Central Board of Film Certification seems to be fast turning into 16th century Italian theatre Commedia dell`arte, whose special characteristic is the lazzo - a joke. And Pahlaj Nihalani is the prima donna of all that is not right with the censor board. Nihalani, who is frequently quite

Video

अखिलेश डूबते जहाज में जा बैठे - मोदी
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter