Retail inflation in India dropped below 6% in November for the first time this year, slowing to 5.88% from 6.77% in October, with consumer-experienced food price inflation falling to 4.67% from over 7% in October. However, rural retail inflation remained strong at 6.09%.
India’s industrial output fell sharply by 4% in October, the second time in three months that levels have decreased year-over-year. A major 5.6% decline in manufacturing output and little growth in energy generation were the main drivers of this decline. According to updated data, industrial output increased by about 3.5% in September.
Manufacturing output fell to its lowest level since June 2021, while the Index of Industrial Production (IIP) fell to 129.6 in October, its lowest level since September 2021.
This news is written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.