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.