An 8.7% growth in manufacturing output pushed Index of Industrial Production (IIP) above the 7% mark for the fourth consecutive month. While the Consumer Price Index (CPI) benefitted from softening food inflation (3.26% in February to 2.81% in March), an 8.7% growth in manufacturing output pushed Index of Industrial Production (IIP) above the 7% mark for the fourth consecutive month. For the April 2017 to February 2018 period, IIP growth slowed to 4.3% from 4.7% from the same period a year earlier. For Feb 2018, IIP rose by 7.1%. Manufacturing grew by 8.7% marking fourth month of growth over 8.5%.

Source: Mint April 12, 2018 12:28 UTC