India's industrial growth and inflation may trend up as key metrics such as index of industrial production (IIP), consumer price index (CPI) and wholesale price index (WPI) are expected to come in higher, driven by a waning goods and services tax (GST) impact and higher commodity rates, says a Morgan Stanley report.
Meanwhile, beating expectations retail inflation remained flat at 3.28% in September, following the August numbers being revised to 3.28% from the earlier projected 3.36%.
The latest print is lower than 4.39 per cent recorded in September past year.
The rate of price in vegetables softened to 3.92 per cent (from 9.97 per cent in August).
India's annual consumer inflation in September marginally eased to 3.28% from a year ago, government data showed on Thursday.
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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 previous year and the roll out of the GST.
The IIP growth in July was revised to 0.94% from 1.2% in the provisional estimates released last month.
The August electricity sector output is at 8.3 per cent, against 6.5 per cent in July.
IIP growth slowed down to 2.2% during April-August this fiscal from 5.9% in the corresponding period last fiscal. The rate continues to be below 4 per cent, the mid-term target set by the Reserve Bank of India (RBI). In the month of August 2016, it was 4%. "However, 13 of the 23 sub-sectors of manufacturing with a weight of 27% in the IIP, recorded a contraction in August 2017".