Consumer durables output continued to grow at a fast pace of 37 per cent, mirroring higher purchase of goods such as televisions and refrigerators.Finance Minister Pranab Mukherjee exuded confidence about a sustained turnaround in the industrial sector.
“My appetite is infinite. I would have been happier, if it was 20 per cent," Mukherjee told reporters.
“Capital goods (growth) I think, we are having it for quite some time", Mukherjee said.
All eyes are now on the RBI that will meet on July 27 and is expected to increase policy rates as focus shifts towards cooling inflation.
While food inflation has been hovering around 17 per cent, prices of manufactured goods have shown a steady increase in recent months.