India’s recovery remained on track in the fourth quarter of fiscal 2024, with the economy performing better than expected, led by expansion in both industry and services.
The gross domestic product rose to 7.8% in the January-March quarter, according to the latest estimates released by the government’s statistical office on Friday. The government’s statistical office estimates that gross value added, excluding indirect tax and subsidies, rose 6.3% during the period.
For the full year, GDP is estimated to have grown by 8.2%.
GDP was estimated to grow by 7% in the fourth quarter, according to economists polled by Bloomberg. GVA growth was pegged at 6.2%.
For the full year, a Bloomberg poll of economists estimated GDP growth at 7%.
This is a developing story.