India's economy grows 7.8% in Q2, defying global headwinds

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India's economy grows 7.8% in Q2, defying global headwinds

⚡ Markets: Bullish for Indian equities (Nifty 50) and the Rupee (INR). Reinforces India's position as a key emerging market growth engine, attracting foreign investment.NIFTYUSDINR

India's GDP grew by 7.8% year-on-year in the April-June quarter, significantly surpassing economists' forecasts. The robust performance was driven by strong domestic demand and growth in the manufacturing and services sectors, demonstrating resilience amid global economic challenges like the Iran conflict and rising energy prices.

West MSM 1Financial press 3Regional 24 countries

6 sources across the spectrum

West MSMReuters — India smashes growth forecasts as investment surges in April-June

Financial pressWall Street Journal — India’s Economy Posts Robust Growth Despite Mideast Energy Shock

Financial pressNikkei Asia — India's GDP records surprise growth of 7.8% amid Iran war

RegionalTimes of India — Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions

RegionalTimes of India — ‘Where are the jobs?’ Congress challenges PM Modi after 7.8% Q1 GDP growth data

Financial pressThe Economist — India defies the economic gloom

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