US EditionIndia shows an impressive 7.8% economic growth in April-June quarter
- India's economy grew by 7.8% in the first quarter of the current financial year, driven by the agriculture and financial sectors. However, the manufacturing sector experienced a deceleration in growth. The World Bank predicts that India's growth may be affected by rising borrowing costs, tightening financial conditions, and inflationary pressures.
- The erratic monsoon caused by the El Niño effect is expected to moderate growth in the remaining three quarters of the year. The World Bank forecasts that India's real GDP growth will likely moderate to 6.3% for the current financial year.
- India's inflation rate breached the Reserve Bank of India's threshold in July, and economists project a potential breach in August. Rural demand remains weak due to factors like erratic weather, rainfall, and food inflation, but the upcoming festival season could drive up consumer demand.
23 Articles
23 Articles
India posts an impressive 7.8% economic growth in April-June quarter
NEW DELHI — India’s economy registered impressive growth of 7.8 percent in the first quarter of the current financial year (April-June), attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. The World Bank says India is one of the fastest-growing economies of the world and is poised The post India posts an impressive 7.8% economic growth in April-June quarter appeared first on…
India shows an impressive 7.8% economic growth in April-June quarter
NEW DELHI (AP) — India’s economy has clocked up impressive growth of 7.8% in the first quarter of the current financial year, mainly due to good performance by the agricultural and financial sectors. The World Bank says India is one of the fastest-growing economies of the world and is poised to continue on this path. However, the manufacturing sector growth slowed to 4.7% during the quarter from April to June, compared to 6.1% in the same perio…
India Records 7.8 Percent GDP Growth in April-June Quarter, NSO Data Shows
India's Gross Domestic Product (GDP) grew by 7.8 percent in the first quarter of FY23-24, government data has revealed. The specifics: Real GDP in the April-June quarter is estimated to attain a level of ₹40.37 lakh crore as against ₹ 37.44 lakh crore in Q1FY22-23, the National Statistical Office (NSO) said in a press release on Thursday, 31 August.For context, the GDP growth rate registered in the first quarter of the previous financial year wa…
GDP grows at 7.8 pc in April-June quarter, India continues to be fastest growing major economy
New Delhi [India], August 31 (ANI): India saw a Gross Domestic Product (GDP) growth rate of 7.8 per cent in the first quarter (April-June) of 2023-24. Real GDP or GDP at constant (2011-12) prices in Q1 2023-24 is estimated to attain a level of Rs 40.37 lakh crore, as against Rs 37.44 lakh crore in […]
India’s economic growth rises to a four-quarter high of 7.8% in Q1
“Rural demand is on a recovery mode and government’s sustained capital expenditure push is crowding in private investments,” said chief economic advisor, V Anantha Nageswaran, on Friday post the data release. While experts point out that growth is likely to slowdown in the coming quarters as the base effect wanes, they indicated that a consumption boost closer to the end of third quarter may provide some succour to full year growth.
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