Economy Grows 13.5% In June Quarter; Fastest Pace Of Expansion In A Year

India's economy grew 13.5 per cent in the April-June quarter from a year ago, its fastest annual expansion in a year.

India's economy grew 13.5 per cent in the April-June quarter from a year ago, its fastest annual expansion in a year.

Gross domestic product (GDP) in the three months to June 30 was 13.5 per cent higher than a year earlier, compared to 4.1 per cent in the January to March quarter.

The last time GDP hit a higher annual growth was in April-June 2021, when it was 20.1 per cent higher than the pandemic-depressed level of a year before.

A Reuters poll of economists had predicted the economy would grow 15.2 per cent year-on-year in the April-June quarter. Many prominent analysts had also projected that the Indian economy will expand at a double-digit growth rate due to the base effect.