Along with the improvement in the economy, the process of increasing industrial production continues. Industrial production in September this year grew by 3.1 percent over the same month last year. On the other hand, retail inflation for October has seen a marginal increase and remains at a relatively soft level. Retail inflation stood at 4.48 percent in October this year against 4.35 percent in September. Inflation in food articles also rose marginally to 0.85 percent in October from 0.68 percent in September.
The October retail inflation rate is well below the Reserve Bank of India's maximum target of 6 percent. In October last year, retail inflation had reached 7.61 percent and food inflation at 11 percent. According to the data released by the government, manufacturing grew by 2.7 percent in September this year and capital goods by 1.3 percent in September this year.