Industry production likely to stay subdued, says D&B

Mumbai: The IIP will continue to be muted because of continued lack of investment by the private sector, but will see a slight respite in September provided by the consumer spending for the festive season.

Growth could be  0.0 - 0.5 per cent during September according to D&B which observes that fragile external demand will also affect growth.  

“Demand needs to revive strongly starting the festive month, especially from the rural segment, to support growth with government initiatives acting as a catalyst to boost  investment and consumption,” said Arun Singh.