New Delhi, June 29 -- India's industrial production growth is expected to remain cautious for the full year as complete normalisation of supply chains could take several months despite easing geopolitical tensions in West Asia, according to a report by Bank of Baroda.

The report said industrial production registered a growth of 5.1 per cent in May 2026, higher than the 3.4 per cent growth recorded in May 2025.

It stated, "Complete normalisation of supply chains will take months, hence we maintain cautious view on our full year IIP growth forecast".

According to the report, the improvement in industrial output was primarily driven by stronger performance in the manufacturing sector and electricity generation. However, mining growth decl...