India Q3 GDP growth surges to 8.4%, exceeding expectations

PM Modi cruises to election as government upgrades this year's forecast

20240228 India GDP manufacturing.JPG

The manufacturing sector helped to boost India's economy in the third quarter. © Reuters

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- India reported on Thursday that gross domestic product expanded 8.4% in the October to December quarter, far exceeding economists' expectations, thanks to brisk manufacturing and construction.

The government also revised up its GDP growth forecast for the year ending in March 2024 to 7.6%, from its January projection of 7.3%.

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