The median forecast in a poll of 22 economists shows that industrial output is estimated to rise 15 percent in March 2010 from a year earlier, close to an annual rise of 15.1 per cent in February 2010. Forecasts ranged from a rise of 12 per cent to 16.3 per cent.

As per the estimates, manufacturing should lead overall output growth, driven by higher infrastructure spending by the government, buoyant domestic consumer demand, revival in exports and more private investment. Also, due to a statistical low base a year ago, the output will grow in double-digits for the sixth straight month.

The Reserve Bank of India has raised its policy rates by 50 basis points over two months, citing a strong pick-up in the economy.
Source: IBEF

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