5/13/2016
IIP drop, uptick in inflation don't augur well for economy: Experts ­ The Economic Times
Search for News, Stock Quotes & NAV's
You are here: ET Home › News › Economy › Indicators
10:31 AM | 13 MAY
SENSEX
MARKET STATS
25,560
NIFTY 50
­230.18
7,834
­66.45
GOLD (MCX) (Rs/10g.)
USD/INR
29,918
66.75
17.00
0.13
MARKET
DASHBOARD
CREATE
PORTFOLIO
IIP drop, uptick in inflation don't augur well for economy:
Experts
Post a Comment
By PTI | 12 May, 2016, 08.46PM IST
NEW DELHI: Disappointed with the fall in industrial output and rise in retail inflation, industry
and experts said the double whammy "does not augur well" for economic growth, and
government should push policy reforms. Pinning hopes on a favourable monsoon, economists said food price pressures are
expected to ease going forward. "The macro picture looks challenging once again," said Assocham President Sunil Kanoria
on the twin data released today showing industrial output growth plunging to 0.1 per cent in
March and inflation racing to 5.39 per cent in April. "The growth in manufacturing for the last year is disappointing
The big picture looks "far more difficult making it imperative for the government to bring in
policy reforms and demand push measures", he added. Industrial production growth plunged to 0.1 per cent in March due to poor performance of
manufacturing and mining sectors coupled with sharp decline in output of capital goods. "The growth in manufacturing for the last year is disappointing and emphasizes the need for
more deep rooted reforms for the sector to make its growth sustainable in the long run," Ficci
President Harshvardhan Neotia said. and emphasizes the need for more deep rooted reforms for the
sector to make its growth sustainable in the long run," Ficci
President Harshvardhan Neotia said.
Editor's Pick
15­year Development Agenda to replace
five­year plans; to include internal security,
defence
Keeping tabs: Sebi may tighten P­Note
rules
http://economictimes.indiatimes.com/news/economy/indicators/iip­drop­uptick­in­inflation­dont­augur­well­for­economy­experts/articleshow/52242770.cms?prtpage=1
1/3
5/13/2016
IIP drop, uptick in inflation don't augur well for economy: Experts ­ The Economic Times
The manufacturing sector, which accounts for over 75 per cent of the index, declined by 1.2
Mauritius pact to hit only shares, not MFs &
debt
per cent in March against a growth of 2.7 per cent in same month a year ago. In 2015­16,
the sector grew at 2 per cent against 2.3 per cent in previous year. 15 stocks in focus in today's trade | Market
LIVE
"The contraction in manufacturing growth on a volume basis in Q4 FY2016 does not augur
well for the upcoming GDP growth print," Senior Economist ICRA Limited Aditi Nayar said. Meanwhile, retail inflation soared to 5.39 per cent in April on higher food prices, reversing a
downward trend seen in recent months. India­Mauritius pact: Here's all you wanted
to know
ET SPECIAL: Love visual aspect of news? Enjoy
this exclusive slideshows treat!
Food inflation rose to 6.32 per cent in April against 5.21 per cent in March, the data released by the Ministry of Statistics and Programme
Implementation (MoSPI) showed. "The RBI will be observing this closely as the present drought conditions in Maharashtra and other parts with zero reservoir levels can lead
to pressure on some products even if the monsoon is normal given the rather difficult conditions prevailing here," CARE Ratings said. However, Suvodeep Rakshit, Economist, Kotak Institutional Equities, said: "We expect food price pressures to ease once the monsoons
set in and provided the spatial and temporal distribution is favourable". Stay on top of business news with The Economic Times App. Download it Now!
Live Market
News
Portfolio
Mobile
Live TV
Newsletter
Commodities
Speed
QnA
Blogs
Alerts
RSS
Other Times Group news sites
Living and entertainment
Hot on the Web
Services
Times of India | इकनॉ月㌷मक टाइ स Timescity | iDiva | Bollywood Zoom | Luxpresso
Online Songs | Travel
Guides | Hotel
News – TOI | Daily Horoscope Weather in Delhi | Mumbai Map Horoscope 2016 | Hotels in Delhi
Xiaomi Mobile Phones
Book print ads | Online shopping
Matrimonial | Astrology | Jobs | Property | Buy car | Bikes in India
Used Cars | Online Deals | Restaurants in Delhi | Movie Show Timings in
Mumbai
ઈકોનોિમક ટાઈĖસ | Mumbai Mirror
http://economictimes.indiatimes.com/news/economy/indicators/iip­drop­uptick­in­inflation­dont­augur­well­for­economy­experts/articleshow/52242770.cms?prtpage=1
2/3
5/13/2016
Times Now | Indiatimes नवभारत टाइ स | महारा टाइ स
䐂ጀಜಯ ಕ ಾ䐒蜀ಟಕ | Lifehacker
Gizmodo | Eisamay | IGN India
NavGujarat Samay
IIP drop, uptick in inflation don't augur well for economy: Experts ­ The Economic Times
Reviews | Cricbuzz.com | Prepaid
Mobile Recharge
Remit to India | Buy Mobiles | Listen Songs | Voice Greetings | Technology
News | Augmented Reality | Mobile Recharge | Compare Mobile Phones
Networking
itimes | MensXP.com
About us / Advertise with us / Terms of Use & Grievance Redressal / Privacy Policy / Feedback / Sitemap / Code of Ethics / / Disclaimer
Copyright © 2016 Bennett, Coleman & Co. Ltd. All rights reserved.
http://economictimes.indiatimes.com/news/economy/indicators/iip­drop­uptick­in­inflation­dont­augur­well­for­economy­experts/articleshow/52242770.cms?prtpage=1
3/3