India GDP growth hit 7.8% in April-June, fastest in a year

Economy accelerates on services, capex but coming months may bring headwinds

Construction workers build the Ahmedabad-Mumbai High Speed Rail corridor in Ahmedabad, India in May: Heavy spending on infrastructure is fueling the economy. © Reuters

KIRAN SHARMA, Nikkei staff writer

August 31, 2023 21:10 JST

Updated on August 31, 2023 22:18 JST

NEW DELHI -- India's gross domestic product grew 7.8% in the April-June period, the fastest pace in four quarters, driven by a robust services sector and government capital expenditure.

The result, up from 6.1% for the January-March period, just beat a prediction of 7.7% in a Reuters poll of economists published ahead of Thursday's release.