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The growth rate of India’s industrial output for May is likely to be in the same range as the previous month, although with a downward bias owing to the base effect, says a Dun & Bradstreet report.
According to the research firm, although some incipient signs of revival in domestic demand are visible, overall demand, including external, continues to remain subdued. D&B expects IIP to have grown by 3.5-4.0 per cent during May.
Industrial production grew at a two-month high of 4.1 per cent in April, primarily driven by the manufacturing sector, but capital goods growth slowed.
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