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