For the entire 2015-16 fiscal, the factory output grew at 2.4%, down from 2.8% in the previous fiscal. Mining sector output too contracted by 0.1% in March compared to a growth of 1.2 a year ago. In a double whammy to the economy, industrial output growth plunged to 0.1% in March while retail inflation soared to 5.39% in April, which may spoil the chances for any immediate rate cut by RBI. In 2015-16, the sector grew at 2.2% up from 1.1% in previous fiscal. The consumer non-durable goods output contracted by 4.4% in March compared to a growth of 1.9% in same month a year ago.

Source: dna May 12, 2016 21:41 UTC