Industrial Production Growth Slips 3.2% in May, Retail Inflation Rises To 5% In June

Industrial production growth slipped to a seven-month low of 3.2% in May mainly due to sluggish performance of manufacturing and power sectors and other reasons, according to the data released by the Central Statistics Office.

The manufacturing sector, which constitutes 77.63% of the index, grew by just 2.8% in May, marginally up from 2.6% in the corresponding period last year. The mining sector output recorded an impressive growth of 5.7% in May as against 0.3% in May 2017. The FMCG sector was the worst performer among the user based goods segment. 
Source- The Economic Times

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Piyush Goyal is the present Finance Minister of India. 

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