India's GDP sees 13.5% growth in June quarter; Fastest pace in a year
India's economy grew 13.5 per cent in the April-June quarter from a year ago, its fastest annual expansion in a year.
GDP in the three months to June 30 was 13.5 per cent higher than a year earlier, compared to 4.1 per cent in the January to March quarter.
The last time GDP hit a higher annual growth was in April-June 2021 when it was 20.1 per cent higher than the pandemic-depressed level of a year before.
Interestingly, China's economy grew 0.4 per cent in the April-June quarter.
The RBI stated earlier this month that the GDP growth rate would probably be around 16.2 per cent in the first quarter (April-June) of this fiscal year.