Industrial growth has slowed down in the month of May. Index of Industrial Production (IIP) has come in at 5.6% on a year-on-year basis. However, market participants has expected it to be at 8.6%. So a much lower numbers of industrial production. Manufacturing sector has seen a growth of 5.6% in May. During April-May, industrial output grew 5.7 % from 10.8% in the year ago period. This weak data ... [Continue Reading]