IBEF: June 13, 2018
New Delhi: As per the data from Government of India, industrial output in the country increased 4.9 per cent year-on-year in April 2018, supported by increased manufacturing activity which grew 5.2 per cent year-on-year in April. As per Reuters survey, the growth was forecasted at 5.2 per cent due to pick up in domestic demand. Overall, the Indian economy's growth between Jan-March 2018 was 7.7 per cent year-on-year, helping India maintain its title as the fastest growing major economy. Robust growth is expected in 2018-19 as well.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.