Industrial output rose higher-than-expected in January at 6.8% buoyed by an increase in production of non durable goods even as the capital goods and mining sectors continued to decline.
The January IIP numbers will be announced today. It is expected to be another subdued number this time around, with the CNBC-TV18 poll estimating the IIP to come in at 2.1%, reports Latha Venkatesh.
Sonal Varma, India economist at Nomura Financial Advisory Securities says that though the core sector growth number is weaker than expected, the headline IIP is likely to come with some strength.