Country's industrial output to expand 5-6% in FY19: CARE Ratings Report

Within manufacturing basket, capital goods logged 4.4 per cent growth whereas infrastructure and consumer non-durables registered 5.5 per cent and 10.3 per cent growth respectively

The country's industrial output is expected to log five to six per cent growth in this fiscal, bettering 4.3 per cent growth rate clocked in the previous fiscal.

A report by CARE Ratings, improvement in consumer goods, capital goods and infrastructure sector will spur higher industrial output growth. Mining and manufacturing sectors are also slated to grow faster in FY19, contributing to the higher industrial output rate.

In FY18, the Index of Industrial Production (IIP) grew by 4.3 per cent, lower than 4.6 per cent in 2016-17. The IIP growth, however, was the best in six years barring 2016-17. In 2017-18,