India's economy grows 7.8% in April-June
• India's economy grew by 7.8% during the April-June quarter, driven primarily by strong investment and manufacturing activity. • Key growth drivers included a 9.2% increase in manufacturing and a 12.1% expansion in financial services, supported by robust bank credit growth. • Private consumption rose by 7.1% and overall investment increased by nearly 12%, demonstrating domestic resilience against high energy prices and geopolitical tensions in West Asia.
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