IIP growth rebounds to 7.1% in Nov; retail inflation eases to 5.7% in Dec

RBI Governor Shaktikanta Das in his latest monetary policy statement had expressed concern over "sticky and elevated" core inflation, holding that the battle against inflation was not over yet

India’s factory output rebounded to a five-month high in November and retail inflation eased marginally to a 12-month low in December, providing the much-needed comfort to the government.
 

These will be the final set of key macro indicators available to Finance Minister Nirmala Sitharaman as she prepares to present Budget 2023-24 on February 1.
 

Data released by the National Statistical Office showed Consumer Price Index-based inflation rate, at 5.72 per cent, remained below the Reserve Bank of India’s (RBI’s) upper tolerance limit of 6 per cent for a second consecutive month in December due to continued moderation in food prices.