New Delhi: India's industrial production registered a strong growth in January clocking 7.5 per cent led by a robust growth in the manufacturing sector which showed a growth of 8.7 per cent, data released by the Central Statistics Office showed.The index expanded in the month of January compared to a 7.1% growth in December and 8.8% in November.
The expansion was supported by growth in electricity sector which grew at 7.6 per cent. The continued expansion in industrial production has reinforced hopes of a healthy economic growth in the fourth quarter. The GDP grew at 7.2% in the October-December quarter.
Retail inflation cooled to 4.44 per cent in February compared to 5.07 per cent in January. The number is still higher than the RBI's medium-term target of 4 per cent.
IIP clocked a 25-month-high growth of 8.8% in November, but slowed to 7.1% in December as mining and electricity production declined.
Retail inflation had softened to 5.07% in January on the back of lower food inflation.