India Q1 GDP Expands 7.8 Percent on Strong Investment
India reported economic growth of 7.8 percent for the April-June quarter, beating forecasts as investment and manufacturing surged. The expansion exceeded predictions despite global headwinds and high oil prices.
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India expanded 7.8% year-on-year in the April-June quarter, beating forecasts as private investment surged nearly 12%. The figure topped the 7.1% consensus in a Reuters poll, though it slowed from the previous quarter's 8.6% pace. The expansion demonstrates underlying economic resilience despite intensifying geopolitical headwinds.
