India's Economy Grows 7.8% in Q1 Despite Iran Crisis and Weak Monsoon
India's GDP expanded 7.8% in the first quarter of the fiscal year, defying challenges from the Iran crisis and El Niño weather conditions.
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Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions
India's economy recorded impressive growth of 7.8% during the April to June quarter, driven by a thriving manufacturing sector and a strong services industry. Domestic demand surged, bolstered by significant increases in investment and exports. Reflecting this positive trend, the government has upgraded growth projections for prior financial years, showcasing the economy's robust resilience in the face of global challenges.
By TNN
Read full article →Defying War, Weak Monsoon, How India's Economy 'Bloomed' At 7.8%
Indian economy continued to benefit from domestic consumption. Also, the new GDP estimates show real exports grew 12% in April-June quarter.
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