India economy to exceed growth estimates

Stronger-than-expected growth in the first half of the year has prompted economists to raise their growth forecast to higher than the government’s estimate of 6.5%. — Reuters

MUMBAI: The Indian economy is projected to grow at a 6.7% to 7% rate in the fiscal year ending March 31, 2024, say several economists, upping their projections after the country blew past growth estimates for the July to September quarter.

The country’s economy expanded 7.6% in the July to September quarter, trouncing estimates of a 6.8% rise, data released on Thursday showed.

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