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november iip growth jumps to 17-month high; dec inflation rises to 5.2%

november iip growth jumps to 17-month high; dec inflation rises to 5.2% Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



november iip growth jumps to 17-month high; dec inflation rises to 5.2%

india’s industrial output and headline retail price indices registered the highest growth since july 2016 — among the last crucial set of economic data before the union budget 2018-19. the data released on friday showed that the index of industrial production (iip), after slowing for two straight months, bounced back in november, rising by 8.4 per cent and signalling that industrial revival was back on track. meanwhile, the consumer price index (cpi)-based inflation rate for december rose to 5.21 per cent, compared to 4.88 per cent in november and 3.41 per cent in december 2016. the divergent trends, with robust industrial data and high inflation numbers, indicate that the reserve bank of india’s (rbi’s) monetary policy committee (mp...