India's economy likely grew 7.6% year-on-year in April-June quarter
With higher domestic and global demand, the manufacturing sector growth picked up during June quarter and data suggests the capacity utilisation moved above 75 percent, compared with 71.8 percent in April-June 2017. Industrial production including mining expanded by 5.2 percent in the three months ended June 30 from a year earlier, compared with 4.3 percent in that period of 2017.
India`s economy likely sustained strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening pose risks for coming periods. Image source: DNA