India’s economy grows 8.4%, fastest pace in six quarters

India’s economy rose 8.4% in the October-December period, the fastest pace seen in six quarters and beating all estimates, partly helped by a surge in manufacturing activity, according to data released by the government on Thursday.

The growth rate was much faster than economists’ forecasts of 6.6% as seen in a Reuters poll, and higher than revised growth of 8.1% in the previous quarter.

India has been consistently beating market expectations and has been ranked as one of the fastest-growing economies in the world with China struggling to recover and the eurozone narrowly escaping a recession.

The figures are the last major economic indicator for voters to help gauge the performance of Prime Minister Narendra Modi’s government before national elections due before May.

The manufacturing sector, which for the past decade has accounted for just 17% of Asia’s third-largest economy, expanded 11.6% year-on-year in the December quarter, compared with a revised 14.4% in the previous three months.

The farm sector, which accounts for about 15% of the $3.7 trillion economy, contracted 0.8%, compared with 1.6% growth in the September quarter.

4 COMMENTS

  1. TRUSTED CRYPTOCURRENCY RECOVERY COMPANY—REVENANT CYBER HACKER
    If you’ve ever dabbled in the world of cryptocurrency, you know that losing access to your Bitcoin wallet can be a nightmare. The rising value of Bitcoin has made it a valuable asset for many, and losing it can have far-reaching consequences. That’s why the ability to restore lost Bitcoin is nothing short of a technological marvel. Imagine the sinking feeling in the pit of your stomach when you realize that your hard-earned 45,000 worth of Bitcoin is trapped in a digital void. It’s not just about the financial loss, although that alone is enough to cause sleepless nights. It’s also about the emotional toll it takes on you. The frustration, the anger, and the sense of powerlessness can be overwhelming. So, how does Revenant cyber hack work its magic? The process of restoring lost Bitcoin involves a series of meticulous steps that Revenant cyber hack experts undertake. From analyzing blockchain data to identifying wallet vulnerabilities, every detail is scrutinized to ensure a successful recovery. Hurry now and get in communication with Revenant cyber hacker to assist you restore your bitcoin. Email: revenantcyberhacker ( @ ) Gmail ( . ) com
    Website: revenantcyberhacker ( . ) net
    Whatsapp: +1(272) 770-8654

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read