India 's expanding manufacturing and services sectors are fuelling speculation that the outlook for the country 's economy is positive and sustained , prompting speculation the Reserve Bank of India ( RBI ) is planning to increase interest rates once again . AMJuly 30 2018, 3:30 AMJuly 31 2018, 11:34 AM The Society of Indian Automobile Manufacturers added to the good news , with Q2 2018 car manufacturing gaining 17 % YoY , while passenger car sales rose by 20 % and truck sales gained 50 % . Foreign investment also rose during the quarter , but the export industry is still reeling from the 2016 export tax and last year 's consumption tax .
India 's expanding manufacturing and services sectors are fuelling speculation that the outlook for the country 's economy is positive and sustained , prompting speculation the Reserve Bank of India ( RBI ) is planning to increase interest rates once again . The Society of Indian Automobile Manufacturers added to the good news , with Q2 2018 car manufacturing gaining 17 % YoY , while passenger car sales rose by 20 % and truck sales gained 50 % . Foreign investment also rose during the quarter , but the export industry is still reeling from the 2016 export tax and last year 's consumption tax .