India GDP Grows 7.8 Percent in March Quarter
India's economy expanded by 7.8 percent in the January to March period, exceeding economist forecasts of 7.2 percent. While strong investment and agricultural output drove the full-year growth to 7.7 percent, analysts warn that geopolitical conflicts and potential El Nino conditions may slow momentum in the coming fiscal year.
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India grew 7.8% in the March quarter as strong farm and construction output offset global trade disruptions. The figure exceeded the 7.2% growth forecast from a Reuters poll of economists. Resilient domestic demand provides a buffer against rising energy costs and geopolitical volatility in the Middle East.
