Economic Growth Sustainable, Inflation Falling, Says Centre

India's economy grew faster than expected in July-September raising expectations that Asia's third-largest economy will outperform its own estimates for the full year.

India's economy will sustain growth momentum quarter on quarter after it beat expectations in July-September, and inflation is on the decline despite temporary food shocks, the government said on Friday in its monthly economic report.

India's economy grew faster than expected in July-September raising expectations that Asia's third-largest economy will outperform its own estimates for the full year.

"Risks to growth and stability outlook mainly emanate from outside the country. Nonetheless, the Indian economy is expected to comfortably achieve a growth rate upwards of 6.5 per cent in FY24," the government said in its report.