Even as factory output fell to a 21-month low in March, the situation may not improve in the first few months of FY20 on account of the increased likelihood of lower investment activity and uncertainties around the elections,
Government will come out with revised IIP and WPI indices by the end of this year with a new base year of 2011-12 in order to make them more representative of the changing economic scenario.
Retail inflation scaled a 17-month peak of 5.69% in January, as food inflation rose to 6.85% last month, compared with 6.40% in December, showed the official data released on Friday.
After witnessing huge losses recently, stock markets may see a bounce back going ahead and would take cues from IIP data slated to release later in the week, movement of rupee, overseas investors' investment trend and global
The poll of 28 economists predicted India's industrial production (IIP) increased 1.6 per cent year-on-year in April, slowing from 2.1 per cent growth in March.
In what could give the Reserve Bank of India (RBI) greater room to slash key interest rates, retail inflation softened further to a four-month low of 4.87 per cent in April.
RBI's monetary policy, IIP data and foreign fund inflows will set the course this week for the markets, which are likely to witness heightened volatility, say experts.