India's June industrial output grows 7.3% y/y on manufacturing boost

India’s industrial output jumped to 7.3% in June, well above expectations — a sign the economy is picking up.
Manufacturing (+7.8%) and electricity generation (+10.6%) were the main drivers of the gain.
Capital goods surged 14.2% and Q1 industrial growth rose to 5.8% year‑on‑year, suggesting stronger investment and government spending.