The Indian economy expanded 8.2% in the April-June quarter, its fastest pace in more than two years, driven by solid growth in manufacturing and consumer spending. Photo: MintGrowth in India’s manufacturing sector unexpectedly slowed in August as domestic demand softened, a private business survey showed today. Data on Friday showed the Indian economy expanded 8.2% in the April-June quarter, its fastest pace in more than two years, driven by solid growth in manufacturing and consumer spending. But the Nikkei Manufacturing Purchasing Managers’ Index (PMI), compiled by IHS Markit, suggested a slight loss of momentum last month. Meanwhile, input prices rose at the slowest pace since May and the rate of increase in output prices fell, signalling a further easing in overall inflation pressures.
Source: Mint September 03, 2018 08:15 UTC