Economy in doldrums? Here's what analysts say on rising inflation, falling industrial growth
Updated: 13 Sep 2022, 01:01 PM IST
- Measured by the consumer price index (CPI), India's retail inflation in August jumped to 7%, compared to 6.71% in July. Industrial growth, as measured by the Index of Industrial Production (IIP), slumped to 2.4% in July against 12.3% in June.
It's kind of a double whammy situation for the Indian economy where growth is faltering and inflation is rising.