India consumer price inflation probably remained stable in April

After dropping in March for the first time in four months, India's consumer price inflation (13.00 BST) probably remained stable in April at 5.2% y/y, keeping it below the RBI's 6.0% target for Jan 2016. 

Meanwhile, it is unlikely that industrial production (also 13.00 BST) is on the cusp of a sustained rebound, and Capital Economics is forecasting growth of 3.5% y/y in March from 5.0% y/y in Feb. 

Looking ahead, much of the responsibility for generating a robust recovery in the industrial sector lies with the government.