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India’s factory output falls, retail inflation inches up

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INDIA-ECONOMY
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New Delhi: Hopes of a revival in India’s manufacturing activity after a sharp spike in October were belied, with factory output actually registering a fall in the month after at a four-year low, according to official figures released on Tuesday.

To deal a further blow, the annual retail inflation also crept up to 5.61 percent in December.

According to data on index of industrial production (IIP) released by the Central Statistics Office, the country’s factory output declined by 3.19 percent in November, due mainly to a (-)4.4 percent drop in manufacturing activity.

The cumulative growth of the country’s factory output was also pulled down to 3.9 percent in the first eight months of the current fiscal year from 4.8 percent for the first seven months.

Between the other broader indices, electricity production was up marginally by 0.7 percent, while that for mining was at 2.3 percent.

The cumulative growth of the two indices for the first eight months of the current fiscal were 4.6 percent and 2.1 percent, respectively. Manufacturing’s cumulative growth stood at 3.9 percent.

In addition, the data revealed that among the six use-based classifications of the index, the output of consumer durables segment expanded by 12.5 percent in November. The consumer goods segment accelerated by 1.3 percent.

However, capital goods segment, which is a key indicator of economic activity plunged by (-)24.4 percent. The output of consumer nondurables was lower by (-)4.7 percent.

The basic and intermediate goods’ output inched down by (-)0.7 percent each.

Overall, 17 out of the 22 industry groups in the manufacturing sector have shown negative growth during the month under review.

Segment-wise, growth was witnessed in ‘gems and jewellery’ (253.7 percent), ‘sugar machinery’ (78 percent), ‘lubricating oil’ (66.5 percent), ‘wood furniture’ (46.9 percent), ‘PVC pipes and tubes’ (31.4 percent) and ‘sugar’ (25.7 percent).

Moreover, high negative growth was reported in the ‘cable, rubber insulated’ (- 87.1 percent), ‘polythene bags’ (- 58 percent), ‘tractors’ (- 42.3 percent), ‘conductor, aluminium’ (- 36.8 percent), ‘rice’ (- 27.1 percent) and ‘three-wheelers’ (- 23.7 percent).

In the case of prices, as pulses continued to remain dear, the country’s annual retail inflation moved up further to 5.61 percent in December from 5.41 percent during the month before, the official data showed.

According to the numbers on the consumer price index, the annual rate of inflation, December-on-December, was distinctly higher in rural areas at 6.32 percent against 4.73 percent in the cities and towns.

The retail food inflation during the month under review was 6.4 percent for India as a whole, as against 6.07 percent in the month before. In the rural and urban areas, the annual inflation rates for food items were 6.41 percent and 6.31 percent, respectively.

The official data further showed that prices of pulses were up 45.92 percent over those prevailing during the past year. The cost of spices and vegetables edged up by 10.83 percent and 4.63 percent on a year-on-year (YoY) basis.

Prices of meat products were up by 6.57 percent. Other protein-based food items like milk and milk based products became expensive by 3.94 percent. Eggs’ cost rose by 0.97 percent.

Instead, in a worsening of the crisis for millers, retail inflation in sugar fell by (-)6.16 percent.

Similarly, the cost of other categories under the general index rose during the month under review. The inflation percentage in December was higher in “clothing and footwear” at over 5 percent each, and “fuel and light” at 5.45 percent. Housing was costlier by 5.06 percent.

Among the states, the maximum inflation of 9.28 percent was reported from Andhra Pradesh, followed by 7.44 percent for Odisha, 7.21 percent for Karnataka, 6.81 percent for Chhattisgarh and 6.69 percent for Tamil Nadu.

The inflation levels for the Delhi region stood at 4.53 percent.

The latest macroeconomic data provoked the concern of industry chambers.

“The steep fall in the manufacturing sector growth is because both the export and domestic demand, especially the rural demand have slowed down. It also underlines the need for more measures to stimulate investments and deeper structural reforms” said Harshavardhan Neotia, president of FICCI, in a statement here.

 

The slowdown in export may impact the growth of manufacturing,

 

“The severe downfall in IIP numbers to -3.2 percent in November 2015 is a major worrying factor as the industry was expected to grow in a good growth trajectory,” said Mahesh Gupta, president, Ph.D. Chamber of Commerce and Industry, in a statement here.

“Slowdown in domestic demand is a major factor and government must take demand-boosting measures to help industry growth to revive in the coming times,” he added.

(Inputs from IANS)

(Photo Courtesy:www.firstpost.com)

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Shoot The Rapist At The Sight

 And which type is contributing more dangerously to the society can easily be measured with our simple plus and minus equation

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This glaring aberration in the world of media is visible as clearly as stars in the darkness of the night.
India is plagued with a disease called Rape. Wikimedia Commons

Salil Gewali

  • India is plagued with a disease called Rape
  • There are no rigorous punishments for rape
  • Rapists openly commit crimes without anny fear

Why the clamour only for the rigorous punishment for rape and other sadistic crimes which have their roots in the mental-degeneration? Apart from the toughest punishment to the perpetrators, let’s go deeper to analyze what could be the possible  “causes”  that push men to commit rape. Why so much mental degeneration that certain individuals can stoop to the gutter being to their status, their position and social values? Well, how to address those issues is certainly a challenge. And that “challenge” certainly calls for a serious brain-storming and a serious self-assessment vise-a vise the environment in which we all are living.

Ranaghat Nun Rape Case
Rape culture in India garnered more spotlight following the Nirbhaya-gang rape, after which the issue has continue to remain a burning topic in the country. Pixabay

True, in the physical world we are highly convinced brag about that healthy environment is a must for our healthy living. Even kids know these days that we can’t breathe well if our surroundings are filled with high levels of  “toxicity”. We have well studied through our academic textbooks that people invite the environmental disaster if they keep on allowing excessive emission of CO2, CO, methane and other dangerous gases into the atmosphere. We have fully acknowledged that each tall and black chimney of the industries and the nozzles of the motor vehicles are here only to mar the beauty of this planet? What kind of damages the toxic gases are doing to our ecosystem are not at all tough job to analyze with modern appliances. Again, a lot amount of books have been published to create the awareness, to inform us about the scientifically tested measures to resolve the environmental concerns.

However, do we have the same amount of literature that pinpoint the “causes” which contribute to turning “males into perverts”? Who else is emitting the “toxic substances” that overpower the inborn sensitivity of the deviant? What are the properties of toxic filth that is polluting the mind-scape of the society? Now we have Donald Trump, the president of the USA, whom many prefer call him a pervert. At this rate, the number perverts are increasing and they have become dangerously ubiquitous. And, all those perverts have brought nightmares to the ill-fated females. We often stage candle march in protest against the rape, but remain blind to the glaring “causes”. Should we still fiddle about and be appreciative of the society that shameless covers itself with the vulgarity — the “toxicity” that might numb the sanity of males? Watch out, dear friends, those perverts have begun to see even “baby girls” as objects of lust!

Please note:  what our sages said:  “What you see that you think, what you think that you do and what you do that become !!!!”

Also Read: Eat Grapes To Ward Off Depression

Again, I would like to draw another similarity with what prompt big people to “rape”/violate the harmony of the Mother Earth. The case is very regularly brought out by the conscious citizens across the country. A senior journalist Patricia Mukhim of Meghalaya has pointedly driven home recently how the “greed for money” has corrupted many leaders who are trying hard to justify the senseless exploitation of the “body” of Mother Earth. Many big shots of big companies struggle to convince the politicians to tweak the laws to grant the permission to perpetually “rape” the country.

In my mind, both are infected with common syndromes! While the one type is interested in the body of the females, the other type has a fetish for the rocky body of the “Mother Earth”. And which type is contributing more dangerously to the society can easily be measured with our simple plus and minus equation.

The rape victims are not getting the justice they deserve.
The rape victims are not getting the justice they deserve.

Let’s assess the issues from another angle, given the advancement of medical science. Till some years back malaria, dengue, cholera, HIV, smallpox were life-taking diseases. But the medical science has pretty successfully eradicated or contained them all. The scientists have correctly identified the causes of those dangerous diseases and recommended the remedial measures. No doubt, that is a very productive achievement. However, why have the modern studies practically failed to “identify the causes”  of the pandemic rise of the horrendous instances of rapes and criminality associated with them? Is it not a strong slap in the face of the modern civilization considering we have not yet spelt out the causes and the characteristic symptoms the  “toxic emitters” who turn decent males into sadists? How long will we endure the depravity which has already strangulated the decency of the society? Should we still wait to work out the tough laws? Should we still hitch to explore for the “causes” and remedial measures? I guess the time is ripe that each morally conscious individual be allowed a shotgun to shoot the “perversion and depravity” of any kind at sight!

Salil Gewali is a well-known writer and author of ‘Great minds on India’. Twitter: @SGewali.