New Delhi, Jan. 3 -- India's industrial momentum is entering a stronger phase, underpinned by a revival in consumption demand and broad-based improvement across key segments, according to CRISIL's latest macroeconomic assessment released on Saturday here.
The rating agency believes the current industrial upturn reflects improving domestic fundamentals rather than a narrow or short-lived rebound, providing greater confidence about growth sustainability in the remainder of the financial year.
CRISIL's analysis shows that consumption has emerged as the central driver of industrial performance. The sharp turnaround in consumer-oriented sectors signals rising household confidence, supported by a favourable macro environment.
Lower interest ra...