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India's GDP Surges to 8.2% Amid Strong Manufacturing

Economic growth in the March quarter exceeded expectations, positioning India as the world's fastest-growing major economy.

  • India's GDP grew by 7.8% in the March quarter, surpassing forecasts.
  • Annual growth rate for 2023-24 reached 8.2%, the highest among large economies.
  • Strong manufacturing output and state infrastructure spending drove growth.
  • Despite urban demand strength, concerns persist over weak rural consumption.
  • Economic reforms and fiscal policies are expected to continue post-elections.
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