India’s industrial production index saw strong growth, but it hides weak consumer demand
India's Index of Industrial Production (IIP) grew by 7.3% year-on-year in June 2026, marking the highest increase in 23 months. Despite this strong growth, analysts warn that it masks underlying weaknesses in consumer demand, suggesting a potential slowdown in overall economic growth. The data highlights contrasting trends within the economy, with certain sectors performing well while others lag behind.