by the mpc, the monetary policy committee, the members deciding on the interest rate rise, they say the question to be considered by mpc members is whether they have tightened enough and going further, risk tipping the economy into a recession, or whether another turn of the ratchet is needed and by how much. the mpc, according to the telegraph, might well be advised to are on the side of caution, since morning lines have been imminent recession, have been flashing red. the bank s reputation has been so shredded by its failure to control inflation, then it will overcompensate, to underpin its own readability, that is the worry. actually, around the slowing of manufacturing and all of that think, we had this report a little earlier on this week, that was saying that rates of contraction in factory output, new orders and employment, all accelerated in july.
India's industrial production growth rose to 4.2 per cent in April from 1.7 per cent in March 2023, mainly due to good performance by the manufacturing and mining sectors, according to official data released on Monday.