IIP contracts 3.6% in February; retail inflation rises to 5.52% in March
The Hindu
The IIP had grown by 5.2% in February 2020
India's industrial production contracted by 3.6% in February, official data showed on Monday. Also, retail inflation rose to 5.52% in March, mainly on account of higher food prices, government data showed on Monday. The consumer price index (CPI) based retail inflation stood at 5.03% in February. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 % in February 2021. Mining output slipped 5.5%, while power generation grew by 0.1% in February.
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