Outlook: Manufacturing sector, which accounts for largest share in IIP index further recorded the sluggish growth compared to mining and electricity sector. However, manufacturing growth in April improved to three month high level and is expected to improve further in the coming months. Domestic automobile manufacturing improved to double digit to 10.5% in May'17 (5.9% in April'17) while the manufacturing PMI stood in the expansion phase of 51.6 during the same month. The demand in the economy is expected to improve gradually led by low inflation and interest rates, high likelihood of normal monsoon this year and increasing disposal income of state and central employees....