The latest government data showed that industrial production grew 3.8 per cent in January against a 5.8 per cent expansion a year ago. The retail inflation remains almost unchanged at 5.09 per cent in February compared to 5.1 per cent in January, it added.
Inflation based on the Consumer Price Index (CPI) was at 5.1 per cent in January and 6.44 per cent in February 2023.
According to the data released by the National Statistical Office (NSO), retail inflation in the food basket was at 8.66 per cent in February, marginally up from 8.3 per cent in the previous month.
The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.
Last month, the central bank projected the CPI inflation at 5.4 per cent for the current fiscal (2023-24) and recorded at 5 per cent in the January-March quarter.
