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Data about India’s current growth
Ministry of Statistics and Programme Implementation released a data about India’s factory output based on the Index of Industrial Production (IIP) which grew 7.1% year-on-year in the month of November.
India’s Index of Industrial Production had contracted by 4% year-on-year in October but for the April-November period it grew by 5.5%.
The Index of Industrial Production (IIP) raised by 1 per cent in November 2021.
Data by National Statistical Office:
The National Statistical Office (NSO) released the data of IIP in which it is showed that the manufacturing sector’s output sprang up by 6.1% in November 2022.
The mining output stood up by 9.7% and power generation enhanced by 12.7% during the month under review.
The quick estimation of Index of Industrial Production (IIP) are usually revealed on 12th of every month with a six weeks lag and compiled with data received from source agencies.
Data released recently recorded that India’s retail inflation relieved to 5.7 per cent in December on an annual basis as against 5.88% in November 2022. The number has remained within RBI’s tolerance band of 2-6% for the second consecutive month.
India’s retail inflation:
India’s retail inflation comforted to 5.72 per cent in December on an annual basis as against 5.88 per cent in November, 2022.
The decline can be assigned to easing food prices which account for nearly 40 per cent of India’s CPI (Consumer Price Index) basket.
Food inflation for December relieved to 4.19 per cent against 4.67 per cent in November.
Inflation rate for fuel and light heightened to 10.97 per cent against 10.62 per cent in the preceding month.
Question & Answer:
Q1. How much percent Index of Industrial Production grew in the month of November?
Ans. 7.1%
Q2. India’s retail inflation eased to what percent in the month of December 2022?
Ans. 5.72%
Q3. How much percent food inflation registered in the month of December 2022?
Ans. 4.19%
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