New Delhi, April 13 -- India's factory output growth dropped to a 20-month low in February in a worrying sign for the country's growth prospects, while retail inflation accelerated in March but remained within the central bank's comfort zone, creating room for more interest rate cuts.
Data released by the statistics office on Friday showed factory output at 0.1% in February, against 1.4% in the previous month and retail inflation accelerating 2.86% in March from 2.57% a month ago.
The Reserve Bank of India (RBI) cut the policy rate by 25 basis points (bps) for the second consecutive time earlier this month as concerns over growth loomed larger than those surrounding inflation.
Retail inflation picked up in March as food inflation turned ...