KONTAN.CO.ID - NEW DELHI. India's economy grew at its quickest pace in a year in the April-June quarter, buoyed by strong services activity and robust demand, but a drier than normal monsoon season could restrain future growth. Gross domestic product (GDP) expanded 7.8% on an annual basis in the second quarter of 2023, accelerating from 6.1% growth recorded in the first quarter and topping a 7.7% forecast in a Reuters poll. It was also the highest reading since the equivalent period of 2022, when growth stood at 13.1%.
India's Economy Grows at Fastest Pace in a Year in April-June Quarter
KONTAN.CO.ID - NEW DELHI. India's economy grew at its quickest pace in a year in the April-June quarter, buoyed by strong services activity and robust demand, but a drier than normal monsoon season could restrain future growth. Gross domestic product (GDP) expanded 7.8% on an annual basis in the second quarter of 2023, accelerating from 6.1% growth recorded in the first quarter and topping a 7.7% forecast in a Reuters poll. It was also the highest reading since the equivalent period of 2022, when growth stood at 13.1%.