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

`M`rashtra muni. corpns face major governance, citizen participation gaps`

A statewide consultation organised by Praja Foundation has highlighted major governance, financial, and citizen participation gaps across Maharashtra’s Municipal Corporations, calling for urgent reforms to strengthen urban local bodies in line with the 74th Constitutional Amendment Act. &nb

When children stay healthy, they stay in school

Learning Begins with Wellbeing The future of education is often discussed through the lens of classrooms, technology, and learning outcomes. Yet one of the most critical drivers of a child’s ability to learn remains surprisingly overlooked: their health.  

India lost Rs 52,000 crore to cyber fraud in five years: DoT

India has lost more than Rs 52,000 crore to cyber fraud over the last five years, officials have revealed. Out of approximately 60 lakh cyber fraud complaints received, more  than 3,000 cases have been resolved and six cyber fraud setups have been busted.   On the occ

India must not wait for its own Ella

In many Indian cities, children learn to wear masks before they are old enough to understand why. That reality should alarm us far more than it does.   In 2020, nine-year-old Ella Adoo Kissi Debrah became the first person in the world to have air pollution officially recognized a

An ode to the cradle of humankind

The Alphabets of Africa: Poems By Abhay K. Vintage Classics, 280 pages, ₹499.00   Abhay K

Ahmedabad district railway network to be expanded

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday approved the Ahmedabad (Sarkhej) – Dholera Semi High-Speed Double Line project of Ministry of Railways with total cost of Rs. 20,667 crore (approx.). It will be Indian Railways 1st semi high-speed project


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter