New Delhi, July 29 -- India's industrial outlook is expected to remain weak in the near term due to the above-normal monsoon, mining and electricity output are expected to stay subdued, according to a report by ICICI Bank

Additionally, the report mentioned that the ongoing geopolitical developments are affecting manufacturing exports at a time when urban demand is already underperforming.

It stated, "With monsoon rainfall continuing to be above normal, mining and electricity output is likely to remain muted in the near future. Manufacturing performance too is likely to be lackluster amidst geopolitical developments and its impact on manufacturing exports when urban demand is under-performing."

India's Index of Industrial Production (II...