7.8% slam dunk! The 'dead' economy is alive & kicking
India's GDP growth surged to 7.8% in the April-June quarter of FY27, surpassing all expectations and defying predictions of a slowdown. This impressive performance stems from several key factors, including a resilient economy that withstood external pressures such as an oil shock, geopolitical tensions, supply-chain disruptions, and uncertainty over global trade.
The resilience of Indian economy is a result of its ability to withstand various shocks, including oil-price shocks, supply-chain disruptions, and global uncertainty. Consumption, investment, manufacturing, services, and exports all contributed to this broad-based growth story. Private investment accelerated, consumption remained resilient, and exports proved far more resilient than expected, further improving the contribution of net exports.
This growth surge reflects India's growing economic resilience, showcasing the strength of its multiple engines of growth working together.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.