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India's Industrial output continues to maintain a recovery momentum. On account of robust performances by the manufacturing as well as higher off-take of capital goods and non-durable consumer goods the Industrial output grew by 7.1 percent in December.
India's Industrial output continues to maintain a recovery momentum. On account of robust performances by the manufacturing as well as higher off-take of capital goods and non-durable consumer goods the Industrial output grew by 7.1 percent in December.
The Index of Industrial Production (IIP) had grown at 2.4 percent in December 2016.
 
The IIP growth in December was mainly on account of uptick in manufacturing sector which constitutes 77.63 percent of the index. It grew by 8.4 percent during the month.
 
The capital goods, a barometer of investments, showed a sharp increase in output by 16.4 percent in December 2017 as against a decline of 6.2 percent year ago.
 
The consumer non-durables, which are mainly fast moving consumer goods, too showed an increase of 16.5 percent as against contraction of 0.2 percent.
 
In terms of industries, 16 out of 23 industry groups in the manufacturing sector have shown positive growth during December 2017 as compared to the same month year ago.
 
Based on the Consumer Price Index, retail inflation in January was down marginally to 5.07 percent in January 2017, compared to 3.17 percent in the year-ago month.
 
Consumer food basket inflation eased a little to 4.7 percent in January, from 4.96 percent in December.