NEW DELHI/BENGALURU -- India's gross domestic product grew 7.6% in the July-September quarter, thanks to a strong services sector and the government's hefty capital outlays ahead of the 2024 elections.
The growth rate moderated after touching 7.8% in the first quarter of the fiscal year that started in April, according to the data released by the government on Thursday. But it surpassed the 6.5% projection of the Reserve Bank of India's Monetary Policy Committee, the central bank's rate-setting panel, as well as a Reuters poll that forecast 6.8%.
