India’s economy picked up speed in the most recent quarter as manufacturing and private consumption continued to show resilience.

The country's central bank - the Reserve Bank of India - meets later in June and is expected to cut rates for the third time in a row to boost growth.India remains the world's fastest growing major economy,

India's economy grew 7.4% in the January-March quarter from a year earlier, driven by the construction and manufacturing sectors, data showed on Friday.