economy
India’s GDP growth at 7.8% in Q1, slower than last quarter but quicker than last year
The stronger performance in Q1 of this year as compared to last year has been driven by the manufacturing sector as well as some broad services categories such as utilities, financial services, real estate, IT, and public administration and defence.
Context
India's grew at 7.8% in the first quarter (Q1) of the financial year (FY), outperforming the previous year's 6.9% but slowing from the 8.6% recorded in the preceding quarter. This growth was primarily driven by the manufacturing sector and services, while agriculture and mining underperformed. This data is critical for assessing the trajectory of India's economic recovery and policy effectiveness.
Exam Perspectives
Key References
AI-generated study notes · sourced from The Hindu