India’s economy grows by 8.2% in a boost for Modi
CNN
India’s economy grew by over 8% in the fiscal year to March 31, giving Prime Minister Narendra Modi a boost just hours before national elections draw to a close.
India’s economy grew by more than 8% in the fiscal year that ended in March, providing a boost to Prime Minister Narendra Modi just hours before the country concludes its mammoth, weeks-long national election. Gross domestic product (GDP) increased by 8.2%, according to data from the Statistics Ministry published on Friday, cementing India’s status as the world’s fastest growing major economy. The rate of growth was higher than the Modi government’s forecast of 7.6%. For the final quarter of the fiscal year, GDP accelerated at a faster-than-expected rate of 7.8%, compared with the same period in 2023. GDP had risen by 8.6% in the October-December period. This is a developing story and will be updated.
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