India's industrial output in August rose a lower-than expected 4.1% from a year earlier on Wednesday. On the other hand, the consumer durables output growth slowed to 4.6% in August, compared to a growth of 8.1% in the previous year.
Venugopal Dhoot, chairman and managing director of Videocon expects the consumer durables industry to go up from November onwards. Videocon has increased prices in the last two months, he added. Here is the edited transcript of his interview. Also watch the accompanying video. Q: We have not been getting very good numbers for consumer durables growth. It has come in at a very paltry 4.6% for consumer durables for the month of August. The overall industrial number is also bad at 4.1%. What is the situation on the ground? Did you have a bad August? Will thing continue to look tepid in terms of demand?
A: Augusts are normally very good, but this time, it wasn
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
