India's factory production in January up 7.5% over previous year

India's factory production in January up 7.5% over previous year

In terms of industries, 16 out of 23 industry groups in the manufacturing sector showed positive growth during January, 2018.

Economists surveyed by Reuters had forecast 6.7 percent growth in output compared with a 7.1 percent year-on-year increase in December. The corresponding provisional inflation rate for rural area was 4.37% and urban area 4.52% in February 2018 as against 5.21% and 4.93% in January 2018.

Milk and its products too were less expensive with inflation print of 4.21 percent, cereals and products at 2.10 percent, meat & fish at 3.31 percent while for eggs the prices grew at a slower pace of 8.51 percent.

"The General Index for the month of January 2018 stands at 132.3, which is 7.5 per cent higher as compared to the level in the month of January 2017", a Central Statistics Office (CSO) release said here.

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In February 2017, however, it was 3.65 percent.

The inflation also declined for milk and products to 3.83%, prepared meals, snacks, candies etc. 4.47%, oils and fats 1.09% and non-alcoholic beverages 1.34%.

Prices of pan, tobacco and intoxicants rose by 7.34%. However, the inflation moved up for pulses and products (-) 17.35% and spices (-) 1.01% in February 2018.

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