India’s growth beat signals investment boom

India's economy expanded at a robust 7.8% pace in the first quarter, data released on Monday revealed, driven by manufacturing, construction and services sectors. Household demand remained a key driver of growth. Gross fixed capital formation, a measure of government and industry spending, surged 11.9% to an all-time high, accounting for nearly one-third of the country's GDP. Economic experts believe this can help sustain India's momentum after years of government-led growth.