# IIP FIGURES OUT In a clear signal that Indian economy is not out of woods, the key economic data released on Friday revealed contraction in industrial production and exports coupled with near double-digit retail inflation.While the Index of Industrial Production (IIP ) contracted by 1.6 per cent in May, the lowest factory output in 11 months, the trade figures suggest 4.6 per cent decline in exports in June. The retail inflation inched up to 9.87 per cent in June mainly due to rise in vegetable and fruit prices. These key data will have a bearing on first quarterly monetary policy review to be unveiled by the Reserve Bank on July 30. The central bank is faced with a tough task of maintaining a balance between pushing growth and containing inflation.
Posted on: Sat, 13 Jul 2013 05:55:07 +0000
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