Industrial growth 11 months high, inflation slumps to 17-month low

| | New Delhi
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Industrial growth 11 months high, inflation slumps to 17-month low

Thursday, 13 December 2018 | PTI | New Delhi

India’s industrial output grew at an 11-month high of 8.1 per cent in October mainly on the back of mining, power and manufacturing sectors coupled with higher offtake of capital as well as consumer durable goods. At the same time, retail inflation plunged to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables, eggs and pulses.

Industrial production measured in terms of Index of Industrial Production (IIP) grew 1.8 per cent in October last year, as per official data released by the CSO.

The previous high IIP growth rate was recorded in November last year at 8.5 per cent. During the April-October period, industrial output grew 5.6 per cent as compared to 2.5 per cent in the same period of the previous fiscal.