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Despite the Index of Industrial Production growth rate falling to 0.1 per cent in April, CMIE said it expects manufacturing to grow at 5 per cent in 2012-13.

Finance Minister Pranab Mukherjee has said he is "confident" that the headline inflation will remain between 6.5-7.5 per cent in 2012-13.
External Affairs Minister S.M. Krishna has assured American business that India will restore investor confidence and regain economic momentum and growth.
Besides, signalling a slowdown in the domestic market, the imports declined as well by 7.36 per cent to $41.9 per cent in May 2012 from $45.2 billion year-on-year.
Finance Minister Pranab Mukherjee though disappointed by the industrial output figures for April, said the government was committed to kickstarting the economy.