India's industrial output up 7.8 pc y/y

economictimes.com

India's industrial output rose by a much faster-than-expected 7.8 percent in June from a year earlier, data showed on Wednesday riven by higher demand for consumer goods and increased mining activity. The infrastructure sector grew 6.5 percent from a year earlier, higher than an unrevised 2.8 percent in May. Exports fell an annual 27.7 percent in June to $12.8 billion, the ninth straight monthly fall. There are signs the expansion in activity continued in July, with car sales rising by a blistering 31 percent. full story