The Economic Times

India's IIP growth may remain in single digits despite festive demand as weak monsoon, global risks weigh: Report

India's industrial production growth may stay in single digits in the upcoming months as several economic challenges persist. Festive demand could positively impact growth, but factors like weak monsoon, higher input costs, and global uncertainties pose risks. The manufacturing sector's growth has shown significant improvement, alongside a gradual recovery in rural consumption trends. Capital goods and consumer durables produced strong growth numbers, indicating resilience in investment and discretionary spending.