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India GDP beats forecasts with 6.1% jump in March quarter

Economy grew 7.2% for year as infrastructure drive fuels optimism

India's manufacturing sector remains weak, despite better-than-expected economic growth for the year ended in March.   © Reuters

NEW DELHI -- The Indian government said on Wednesday that gross domestic product grew 6.1% on the year in the January-March period, up from 4.5% in the previous quarter, as the economy continues to recover from the effects of the pandemic.

The result for India's fourth fiscal quarter brought annual expansion to 7.2%, compared with 9.1% in the preceding fiscal year, when the number was boosted by a low base because a nationwide COVID-19 lockdown led to a sharp drop in economic activity.

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