Retail inflation to be well within RBI’s 2-6 per cent target: BofAML

June IIP to be anaemic at 0.3% on GST destocking, says Bank of America Merrill Lynch report

India’s industrial production is expected to be “anaemic” 0.3 per cent for June, partly on account of retailers reducing stocks before the implementation of GST, says a report. Industrial output growth stood at 1.7 per cent in May. Before the implementation of Goods and Services Tax (GST), destocking was triggered largely owing to a steep […]

Continue Reading