New Delhi: Despite rising inflation, the India growth story seems very much on track. The latest industrial output for the month of January stands at 10.9 per cent versus 8.5 per cent earlier.
Manufacturing, the corner stone of industry, grew at 11.6 per cent as against 9.4 per cent previously for the April to January period.
Industrial growth has also seen a rise of nearly 11 per cent.
According to analysts the strong growth in industry means the outlook of 9.2 per cent growth for the year is very much achievable.
Last week, economist Surjit Bhalla had said that inflation was on its way down despite a rise in inflation by 0.05 per cent.
Inflation for the week ending February 24 was slightly above market expectations.
The rise in inflation by 0.05 per cent has been mainly attributed to some manufactured products including cement, chemical products like capsules, vitamins and antibiotics, steel wire, and zinc ingots, which remained costlier.
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