India’s industrial production rises 7.4% year-over-year
India’s June industrial production surprised to the upside, rising 7.4% year-over-year.
This increase surpassed the Bloomberg consensus of 6.0% and marked the strongest reading since July 2024.
The Reserve Bank of India is expected to leave the benchmark repurchase rate unchanged at 5.25% at its next meeting on August 5, as inflation remains within the 2-6% target range.