India’s economy grew at a four-quarter high of 13.5% in the April-June period from a year ago, boosted by a strong recovery in construction and contact-intensive services as well as a favourable base effect that magnified the growth.

The government has begun a reassessment of the country’s future oil demand and refining capacity requirements as domestic consumption soars, planned refineries are delayed, and predictions of a quick end to the oil age falter,according to officials.

India's core sector growth slowed to a six-month low of 4.5% in July, pulled down by crude oil, natural gas, cement, and electricity. The core sector had grown 13.2% in June and 9.9 % in the year-ago period, data released by the commerce and industry ministry showed.

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

From insolvency to twin tower razing: amid Supertech’s setbacks, are good days ahead for homebuyers?

Will Bangladesh go the Sri Lanka way? Experts disagree. But India must keep a watch. Here’s why.

Ethereum Merge: decoding a crypto upgrade and why it is important

In Case you missed it

Choose your reason below and click on the Report button. This will alert our moderators to take action

Your Reason has been Reported to the admin.

Stories you might be interested in