India's domestic demand is showing signs of recovery, supported by several positive developments, according to a recent report by Crisil.
The consumer price index (CPI)-based retail inflation for February slipped to 3.61 per cent amid a decline in the rate of price rise in vegetables and protein-rich items.
India's Consumer Price Index (CPI) based retail inflation eased to 4.6 per cent in January from 5.22 per cent in December.This marks a decline of 91 basis points in headline inflation compared to the previous month, making it the lowest year-on-year inflation since August 2024.
India's retail inflation in November was recorded at 5.48%, compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation said.
In the manufacturing sector, the top three positive contributors were the manufacturing of basic metals (3.0 per cent), electrical equipment (17.7 per cent), and chemicals and chemical products (2.7 per cent) in August.
The Index of Industrial Production (IIP) growth rate for the month of August 2024 is (-) 0.1% which was 4.7% in July 2024.
India's Index of Industrial Production (IIP) rose by 4.8 per cent in the month of July, improving its performance from 4.7 per cent in June, Ministry of Statistics data showed on Thursday.
India’s Index of Industrial Production (IIP) rose by 4.2 per cent in June this year over the same month of the previous year, data released by the Ministry of Statistics on Monday showed.
Year-on-year inflation rate based on All India Consumer Price Index (CPI) number is 3.54% (Provisional) for the month of July, 2024, which is the lowest in the last 59 months, said the Ministry of Statistics & Programme Implementation (MoSPI).
Steel production went up by 7.1 per cent during the month. Its cumulative index posted a robust 12.4 per cent growth during 2023-24 over the corresponding period of the previous year.
