Factory growth, inflation likely to trend higher, says Morgan Stanley report

Retail inflation eases to 3.28% in September

The Consumer Price Index (CPI) or retail inflation stood at 4.39 per cent in September 2016.

India's industrial output grew sharply 4.3 percent in August, highest in nine months, showing signs of recovery, aided by an expansion in the manufacturing sector. The Index of Industrial Production (IIP) recorded 4 per cent growth in August a year ago.

The worrying factor, however was manufacturing sector growth, which decelerated to 3.1 per cent in August from 5.5 per cent a year ago.

The factory output stands at 4.3 per cent, while Index of Industrial Production (IIP) is at 4.3 per cent for August 2017, against 1.2 per cent in July.

The International Monetary Fund (IMF) on Tuesday also cut its growth forecast for the Indian economy by half a percentage point to 6.7% for 2017-18, blaming the lingering disruptions caused by demonetisation of high value currencies past year and the roll out of the GST.

France must be aggressive from the start against Belarus, says Hugo Lloris
But with the injured Ousmane Dembele, Paul Pogba and Benjamin Mendy still to return, Matuidi told reporters : "We have huge potential.

Retail inflation came in at 3.28 per cent in September, unchanged from August, despite softening of vegetable and cereal prices, according to government data.

The government today revised July's factory output growth to 0.9 percent in July, as compared with an earlier estimate of 1.2 percent.

IIP growth slowed down to 2.2% during April-August this fiscal from 5.9% in the corresponding period last fiscal.

The August electricity sector output is at 8.3 per cent, against 6.5 per cent in July.

India's annual retail inflation remained static in September with a marginal drop in the food prices, official data showed on Thursday. "A rate cut of 25 bps can be expected in Q4 provided inflation remains below 4%".

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