October 2017 | CII

After implementation of GST at the beginning of July, the industrial output growth improved steadily in July and August 2017. However, it is likely that issues in the implementation of GST continued to have an impact on industrial production. A stronger turnaround in production activity may be expected from October onwards when the government announced a relief package for exporters and small enterprises. Inflation, as expected, increased in August 2017 but remained steady in September, driven by tapering off of the favorable base effect and rising fuel inflation. Worried by the rising inflationary trend, the RBI chose to keep the key policy rates unchanged in its policy review held in the first week of October 2017.

For more details, please click on the link to read the the report CIIEconomyMattersSep17