Jaipur, November 12, 2024.
India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s (RBI) target range. This rise in inflation, attributed to higher food and fuel prices, may prompt tighter monetary policies in the coming months.
India’s Index of Industrial Production (IIP) showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation (MoSPI), key sectors such as mining, manufacturing, and electricity recorded growth rates of 0.2%, 3.9%, and 0.5%, respectively, indicating a recovery in industrial output.