Brokerages see resilient industrial activity as June IIP growth tops estimates, flags risk ahead
New Delhi, July 29 -- Brokerages have described India's stronger-than-expected industrial production growth of 7.3 per cent in June as a sign of resilient manufacturing and investment activity, while cautioning that the pace of expansion could moderate in the coming months as temporary tailwinds fade and weather- and global-related risks persist.
Crisil said the acceleration in industrial output was driven by stronger manufacturing activity, particularly capital goods and consumer-oriented sectors, while electricity generation remained a key contributor due to higher power demand during warmer-than-normal weather. It, however, said slowing global growth, elevated input costs and uncertainties related to the West Asia conflict could tempe...
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