Summary Box: India's economy up 8.8 percent in 2Q

INDIA'S ECONOMY REBOUNDS: India's economy grew 8.8 percent in the June quarter, its fastest pace in over two years. That's up from 6 percent a year ago, at the height of the global recession.

NOT ALL GOOD NEWS: Inflation during the quarter was 10.6 percent, with rising prices most hurting the poor, who spend more of their income on necessities.

UNCERTAINTY REMAINS: Economists say consumer demand remains narrow, and the uneven pace of the global recovery is constraining capital spending and could disrupt industrial production and credit growth.