Aug 29, 12:09 PM

India GDP Rises 7.8%, Smashing Forecasts on Public-Spending Surge

India’s economy expanded 7.8% year-on-year in the April–June quarter, according to provisional data released by the Ministry of Statistics and Programme Implementation. The reading, the fastest in five quarters, easily surpassed the 6.6–6.7% consensus from private-sector economists and accelerated from 7.4% in the previous three months. Officials said public investment and a rebound in services lifted output, while a soft deflator flattered the real growth figure. The National Statistics Office estimated that government final consumption rebounded and manufacturing held steady, helping lift activity 1.3 percentage points above the pace recorded a year earlier. Economists cautioned that external risks remain, pointing to higher US trade barriers that could weigh on Indian exports later in the fiscal year. Even so, Chief Economic Adviser V. Anantha Nageswaran kept his full-year growth projection at 6.3%–6.8% and said momentum should carry into the July–September period despite tariff uncertainty.

#India #National Statistics Office #US #Indian

Written with ChatGPT .

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India GDP Rises 7.8%, Smashing Forecasts on Public-Spending Surge

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