Exports, rising power demand to support manufacturing growth despite rural weakness: ICICI Bank

India's manufacturing sector is projected to grow, supported by increased exports and a strengthening investment cycle. Industrial production saw a notable year-on-year increase, with manufacturing rising 9 percent in August. However, the report highlights that a below-normal monsoon may negatively impact rural demand and consumption. Electrical equipment and transport sectors exhibited significant growth, reflecting a broad-based improvement in manufacturing.