IIP growth slips to 4.5% in Sept; retail inflation falls to 3.31% in Oct

Capital goods, mining dragged it down

Growth in industrial output slowed to 4.5 per cent in September against 4.7 per cent in the same month last year as the festival season started late this year compared to 2017.

Growth faltered as the output of capital goods and mining expanded at a slower pace in September than in the previous month.

The index of industrial production (IIP) growth numbers were revised for August from 4.3 per cent to 4.7 per cent.

If compared to the provisional numbers, growth would be seen as moderately rising. As such, it is a bit of a statistical illusion, depending on which