INDIA-IIP — India's factory output growth hits near 2-year high of 7.3% in June

India's industrial production surged in June, with the Index of Industrial Production (IIP) recording a 7.3% year-over-year increase, the fastest pace in almost two years. The growth was propelled by a 7.9% expansion in the manufacturing sector, while mining and electricity output grew by 6.7% and 5.7% respectively. Strong performance was also seen in capital goods (9.1%) and consumer durables (10.1%), indicating robust investment and consumption demand.