India Inc says factory output growth likely to get better this year

India Inc captains say factory output growth will get better; low-base effect after note ban helped, among others

The spurt in Index of Industrial Production (IIP) points to a revival in factory output that has been broad-based and driven by categories such as fast-moving consumer goods (FMCG), pharmaceuticals, automotive, capital goods and computer electronics, say experts.

Considered an important barometer of investment, the IIP showed improvement in capital goods output led by a growth in inquiries and new orders during the period, said 

M S Unnikrishnan, managing director and chief executive officer of Thermax. “Positive impact is due to a pickup seen on the execution side. A major improvement in the road sector can help make up for