India's gross domestic product (GDP) for the second quarter of the ongoing financial year recorded an impressive acceleration, reaching 7.6 per cent, as revealed by data shared by the Ministry of Statistics and Programme Implementation on 30 November.
This growth surpasses the 6.2 per cent growth in the same quarter previous fiscal, as reported by India Today.
Contrary to the Reserve Bank of India's (RBI) projection of 6.5 per cent for the July-September quarter, the actual GDP growth exceeded expectations.
Earlier, a survey of 10 economists conducted by Economic Times had suggested that India's economy is anticipated to expand by 6.7 per cent in the July-September quarter, surpassing the RBI's prediction of 6.5 per cent.
The robust growth can be attributed to strong urban consumption and increased government spending.
The second quarter's performance showcases India's economic resilience, defying projections and underlining the positive impact of urban consumption and government initiatives on the country's economic trajectory.
Nayan Dwivedi is Staff Writer at Swarajya.
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