India GDP grows 7.8% in Jan.-March, as manufacturing recovers

Performance beats expectations, but private investment and consumption still weak

20240531 India shop

Shopkeepers at a wholesale market in Kolkata. India's economic growth beat the 6.7% rise predicted by 54 economist for the January-March period. © Reuters

KIRAN SHARMA and SAYAN CHAKRABORTY, Nikkei staff writers

NEW DELHI/BENGALURU -- India's economy beat expectations in the January-March quarter to grow 7.8% from a year ago, government data showed on Friday, helped by a resurgent manufacturing sector.

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