New Delhi, July 30 -- The Indian economy has remained resilient despite an uncertain global macroeconomic environment, with high-frequency indicators pointing to broad-based improvement across sectors and a sharp rise in industrial credit indicating a revival in private sector investment, according to a Kotak Institutional Equities report.

The report said manufacturing, construction, services, consumption and labour market indicators have largely remained steady or improved despite geopolitical tensions in West Asia and weather-related risks.

Industrial Credit Signals Revival in Private Investment

A key indicator of the recovery has been the rise in credit to industry, which suggests strengthening private sector investment activity. In...