India's industrial production grew an annual 0.1 per cent, lower than a forecast of 0.5 per cent growth in an NDTV poll, but an improvement on an annual contraction of 1.8 per cent logged in June. A recovery in consumer non-durables sector helped the IIP growth in July. On We Mean Business, NDTV's Shweta Rajpal Kohli, D D Rathi, Group Executive President, Aditya Birla Group, Shubhada Rao, Chief Economist, Yes Bank, Manish Wadhawan, Managing Director and Head Interest Rates, Global Markets, Sajjid Chinoy, India Economist, JP Morgan, HSBC India discuss whether the growth trend will remain low going forward.
