It is all the more pleasant that the IIP recovery is being led by capital goods and the electricity generation and both these sectors have a big positive rub off on several other segments of the industry.
As for inflation on retail side, we will still keep our fingers crossed given the prospects of deficient Monsoon. But the two key macro data provides a perfect setting to the Modi Government to score a morale booster on the first day of the FIFA World Cup.
The factory output growth was at a 13-month high of 3.4 per cent against negative growth in March and the previous fiscal.
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