India’s GDP grew 7.8% in April–June, the fastest in five quarters, beating RBI’s 6.5% projection
Agriculture picked up, manufacturing stayed firm, and services expanded faster, while construction slowed and mining contracted
Higher public spending supported growth, with a quarter of annual capital outlay deployed in Q1
Two-thirds of Indian exports face steep US tariffs. Prolonged barriers could hit jobs and demand
Consumers are delaying purchases ahead of GST rate cuts. The impact may be short-lived
Nominal GDP rose just 8.8%. Low inflation may keep it subdued, straining fiscal targets