India maintains its status as the fastest-growing major economy, as the RBI projects a 6.5% real GDP growth for 2023-24, with a Q2 growth projection matching at 6.5%.
India’s industrial output rose to a three-month high of 5.2 per cent in May from 4.5 per cent in the previous month, led by a robust expansion in the mining sector even as manufacturing activities picked up pace. Factory output, measured through the Index of Industrial Production (IIP), stood at 19.7 per cent in May 2022. So the expansion in May 2023 came despite the high