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Industrial Output Growth Slows To 2.1% In March, Inflation Eases In Apr

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Economoic data revealed a mixed state of economy on Tuesday (12 May) as India's annual industrial output growth slowed to 2.1 per cent in March whike inflation eased in April. Analysts polled by Reuters were expecting the output to grow 2.8 percent compared with a provisional 5.0 percent annual growth in February.
India's retail inflation on the other hand, eased to four-month low of 4.87 per cent in April on slower annual increases in food costs, government data showed on Tuesday.
The data compared with a 4.90 per cent annual rise predicted by analysts in a Reuters poll and March's upwardly revised 5.25 per cent print.
Consumer food price inflation dropped to 5.11 per cent last month from 6.14 per cent in March.


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