# Business

Factory output sinks 1.2% in February

Country’s Index of Industrial Production (IIP) or factory output slipped by 1.2% on year-on-year basis for the month of February,…

SNS | New Delhi | April 12, 2017 12:47 pm

Country’s Index of Industrial Production (IIP) or factory output slipped by 1.2% on year-on-year basis for the month of February, Ministry of Statistics & Programme Implementation said on Wednesday.

The IIP now stands at 182.3, down 1.2%, as compared to February 2016.

Sector wise, mining sector grew by 3.3 per cent, manufacturing sector fell by 2 per cent and electricity production rose by 0.3 per cent in February 2017 as compared to February 2016.

Meanwhile, India's Consumer Price Index (CPI) inflation retail inflation rose to 3.81 per cent in March from 3.18 per cent during the previous month.

# Business

Inflation rises to 6.21% for October, breaches RBI’s target limit

The Consumer Price Index (CPI) inflation for October is recorded at 6.21 per cent on year-on-year basis. Corresponding inflation rates for rural and urban are 6.68 per cent and 5.62 per cent, respectively, Ministry of Statistics and Programme Implementation (MoSPI) said on Tuesday.

# Technology

At least 20 pc of India’s economy will be digital by 2026-27: Jyotiraditya Scindia

At least 20 per cent of India’s economy will be digital by 2026-27 from the current 10 per cent, Union Minister for Communications, Jyotiraditya Scindia, said on Monday

# Opinion

Europe in decline?

The Nobel Prize winning Columbia University economist Edward Phelps maintains that innovation is the key to economic growth, prosperity and human happiness.