While industrial output growth rose to 3.8% in December after falling to an eight-month low of 2.4% in November, consumer price index (CPI)-based retail inflation fell to a three-month low of 5.1% in January, the statistics ministry said.
The latest factory output points to a pick-up in manufacturing momentum in December after a slowdown.
In the April-December period, factory output expanded 6.1%, a notch above the 5.4% figure in the same time a year earlier.
January inflation fell to 5.1% from 5.7% in December, aided by a slower rise in prices of food items like cereals, milk and milk products, fruits, pulses and spices. It still remains above the central bank's target of 4%, but has stayed within its tolerance range of 2-6% for the fifth consecutive month.
Overall, food inflation fell to 8.3% in January, down from 9.53% in December, which saw a sharp rise in prices of vegetables and other food items such as pulses, spices, and cereals.
Food inflation, measured by the consumer food price index, accounts for nearly half of the overall consumer price basket. It stood at 8.7% in November, 6.61% in October and 6.62% in September.
This story is from the February 13, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 13, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
World Bank calls for reforming skills training in India
India must make a coordinated effort to reform and rebrand vocational skill training, besides aligning education with the job market, to leverage its demographic advantage to meet the $5-trillion target for its economy, the World Bank said.
FCPA cases take long to conclude after indictment
For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.
Short-covering, relief rally add ₹7.27 trillion wealth
Markets up 2.39% to hit the highest in six months, a day after Adani's indictment
Wetter monsoon slows pace of adding new transmission lines
India's addition of new power transmission lines fell by half over a year earlier in the April-October period as a wetter-than-usual monsoon slowed work.
COP29's $1.3 tn fund plan disappoints Global South
The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South.
Jaguar rebrand is pink, diverse and doesn't feature any cars
Luxury automaker Jaguar is betting that a colorful and youthful rebrand will help it successfully launch fully into the electric-cars market.
Services up as manufacturing slows in Nov
The HSBC Flash India Services PMI was at 59.2 in Nov from 58.5 in Oct; manufacturing PMI fell slightly from 60.4 to 60.2
MSMED may protect medium firms too
The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.
Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
The Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to curb speculative positions with the currency at a record low, four bankers familiar with the development told Reuters.