What are your views about the revival in industrial activity?
It is seen that the industrial activity in India has begun on a higher note in the new financial year when compared to the last fiscal or quarter. It was seen that the industrial output grew by 3.4% which was fuelled by revival in manufacturing and output growth. This was a sharp upswing as compared to the statistics observed in January. The growth in manufacturing output has grown to a four-month high of 2.8 percent. If we study the use-based classification then all the six segments have shown positive growth with only the infrastructure and construction sectors are in the negative territory. The growth supporting measures by the new Finance Minister will decide the trend in coming months. RBI has cautioned about the inflation risks emanating from rise in prices of vegetables and international fuel prices which remain volatile.