India posts 2% growth in April 2013 - ICICI Bank : Treasury Research

- IIP growth posted a growth of 2.0% YoY in April-2013 as against consensus estimate of 2.5% YoY and a growth of 3.4% YoY in March (revised upwards from 2.5% YoY)

- Manufacturing and electricity registered positive growth while mining remained in negative territory

- Consumer non-durables exhibited a very strong performance and this bodes well for the recovery in consumption demand

- Capital goods registered a positive performance though a sustained pickup in this segment is dependent on continued policy reforms and Central Bank support

Source : Equity Bulls

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