India's domestic policy to support growth, broader economy remains robust: Experts

India's domestic policy is likely to support growth as the income tax cuts come into force this fiscal and the Reserve Bank of India (RBI) continues with rate cuts, industry experts said on Monday, as pick-up was seen in the Index of Industrial Production (IIP) to 3 per cent in March from 2.9 per cent the previous month.

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The power sector output grew by a more robust 6.3 per cent growth during the month while the mining sector proved to be a laggard with a mere 0.4 per cent growth in March, according to data released by the Ministry of Statistics.

"Another year of normal monsoon, and lower crude prices will also cushion the impact of external headwinds," said Dharmakirti Joshi, Chief Economist, Crisil Limited.