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In India's economic pick-up, who's leading the pack and who's losing out?

Almost 60% of GDP comes from private spending with the pick-up helping to fuel growth of more than 7% this year, making India the world's fastest-growing major economy

economy, business, India
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Photo: Shutterstock

Anirban Nag I Bloomberg
India’s economic activity is picking up, boosted by a long-awaited recovery in consumption that’s helped cut down slack in the economy and underpinned sales of everything from cars to housing.

Almost 60 per cent of gross domestic product comes from private spending, according to estimates from New York-based CEIC Data Co., with the pick-up helping to fuel growth of more than 7 per cent this year, making India the world’s fastest-growing major economy. Yet the performance isn’t uniform across all industries, with the banking and power sectors facing distress and global trade tensions clouding the outlook for exports.
Here’s a detailed