Industrial activity is expected to gain support from domestic consumption in FY25: CRISIL

Industrial activity is set to grow, supported by domestic consumption and improved private consumption, says CRISIL. May's Index of Industrial Production rose by 5.9% year-on-year. A normal monsoon and increased kharif sowing are expected to boost agriculture and control food inflation. GDP growth is projected to slow to 6.8% from 8.2%.