Rising cost of inputs coupled with continuing inflationary pressures have pushed index of industrial production at single digit which is likely to remain under heavy pressure since supplies also disrupted due to incessant rains in certain pockets.

Dr Swati Piramal president of ASSOCHAM said that “Major factors which led manufacturing to suffer is the inflation and rise in prices of petroleum products and overall increase in commodities prices which includes metal to primary articles.”

Dr Piramal however added that “In the ongoing seasons the manufacturing generally remains lean also and one should not worry much baring the government should prescribe measures for friendly monitory and fiscal policies to help industry restore manufacturing so that index of industrial production goes back to double digit.”