India's Economy Projected to Grow 7.3% in Q2, Finance Ministry Reports

Times of India - Business · business

India's economy is estimated to have grown by 7.3% in the second quarter of the current financial year, according to the finance ministry. This growth rate shows a slight slowdown from the 7.8% expansion recorded in the previous quarter. Despite global uncertainties, economic activity remains firm, supported by strong industrial resilience, expanding bank credit, and healthy automobile sales. Favorable monsoon conditions also bolster the outlook for agricultural output and rural demand, though external geopolitical risks persist.