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IIP falls with CPI hitting highest in last 4 months

The recent data indicate that Contraction in industrial output widened to 3.6% year-on-year in February from 1.6% in the previous month, while retail inflation in March scaled a four-month peak of 5.52%.
Some of the references for analysing it are like Intermediate goods, primary goods and infrastructure goods the segments that have performed better than the rest in recent months have contracted by 5.6%, 5.1% and 4.7%, respectively, in February unlike the contraction in capital goods and consumer non-durables narrowed to -4.2% and -3.8%, respectively, in February from -9% and -5.4% in the previous month. Consumer durables production made a smart recovery, having risen by 6.3% in February from 0.2% in January. Loan growth remained under 6.5% in the week through March 12. The business resumption index of Nomura dropped on April 4.

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