In the mining sector declined 3.1 per cent during the corresponding period, while growth in manufacturing was 0.1 percent. The 4.6 percent growth in the power sector. Decline in industrial output in March was 3.5 percent. This decline is the biggest decline since October 2011. In October 2011 it was 4.7 per cent decline. Industrial production index in February was 4.1 per cent. According to figures released by Central Statistical Office, industrial production growth rate for fiscal 2011-12 was 2.8 per cent, 8.2 per cent the previous year.
Reserve Bank's mid-quarter review of monetary policy released on Monday and appeared in the corresponding period of weak economic indicators is expected that the cash reserve ratio (CRR) and repo rate cuts might be. Mukherjee said, "Considering all aspects, I believe that they (RBI) will adjust monetary policy." "The core strategy should be to increase domestic demand." Gross Domestic Product (GDP) in the last quarter of 2011-12 financial year, nine-year lows reached 5.3 per cent. The food inflation to double digits again in May (10.74 per cent) was reached.
Was 8.25 per cent in the previous month. Inflation in May grew by 7.55 per cent. It was 7.23 per cent in April. Sharp rise in prices of food items during the period under review was recorded. Vegetables, pulses, milk, eggs, meat and fish prices increased at double-digit food inflation reached 10.74 percent. The price of vegetables by 49.43 per cent during the corresponding period year, the price of potatoes 68.10 per cent, 11.90 per cent of the price of milk, eggs, meat and fish prices price of 17.89 per cent and 16.61 per cent of lentils.
Products manufactured in the same period, 5.02 per cent, 11.53 per cent of fuel and electricity and gasoline was expensive by 10.51 per cent. In the same period last year, based on wholesale price inflation rate was 9.56 per cent. The latest data shows that high inflation and sluggish growth in the country is causing the problem.
Source: news paper Amarujala
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