India's industrial recovery process is likely to be gradual, however, the country is likely to have GDP growth of 7.8 percent in the next fiscal, says a report by Nomura. According to the company, the industrial production data suggests that growth momentum, including investment demand, slowed at the completion of the year 2015, while industrial recovery is likely to be gradual. Moreover, normal monsoons in 2016 should also support the rural demand, it said. During April-December period this fiscal, the industrial output grew 3.1 percent compared to 2.6 percent a year before