Take a bow, this is grown-up GDP: India's 7.8% GDP growth in Q1 defies expectations, boosting economic outlook
· economictimes.indiatimes.com
India achieved class-leading growth of 7.8% in the April-June quarter. Sectoral performance was surprisingly robust across agriculture, manufacturing, and services. Consumption defied global energy shocks and investment surprised on the upside. This broad outperformance should confound naysayers and foreign investors. Growth resilience affects the inflation outlook and the central bank's interest rate trajectory.
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