India’s nine core infrastructure sectors expanded by 5% in June, marking the fastest growth rate in five months.
The acceleration was driven by robust output increases in cement, electricity, and iron ore production, signaling strengthening demand in the industrial base.
Recent consumer data also points to underlying strength, with Indian retailers reporting a 5% year-on-year sales increase in May.
The data reinforces a positive trajectory for the Indian economy, aligning with projections that corporate revenues in the country are set to expand by up to 11.5% in the June quarter.
This would represent the strongest revenue growth rate in two years, suggesting that industrial momentum is translating into broader corporate performance.
Recent consumer data also points to underlying strength, with Indian retailers reporting a 5% year-on-year sales increase in May.
That growth was largely underpinned by demand for essential goods, indicating a shift in consumer behavior that supports steady domestic consumption despite external headwinds.