India, Aug. 28 -- Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.

Industrial production climbed 3.5 percent year-over-year in July, faster than the 1.5 percent growth in June. The expected increase was 2.1 percent.

The overall growth in July was mainly driven by a 5.4 percent expansion in the manufacturing sector and a 0.6 percent rebound in electricity output.

Global professional services firm, Ernst & Young (EY), estimated in its recent EY Economy Watch for August 2025 that India will become the world's second-largest economy in terms of purchasing power parity (PPP) by 2038.

GDP is expected to reach $34.2 trillion ...