Indian economy seen to exceed growth estimates after strong Q2 beat

MUMBAI -The Indian economy is projected to grow at a 6.7 percent to 7 percent rate in the fiscal year ending March 31, 2024, several economists said, upping their projections after the country blew past growth estimates for the July-September quarter. The country's economy expanded 7.6 percent in the July-September quarter, trouncing estimates of a 6.8- percent rise, data released on Thursday showed. Stronger-than-expected growth in the first half of the year, along with continued government spending and some revival in private investment has prompted economists to raise their growth forecast to higher than the government's estimate of 6.5 percent. "With 7.7 percent real GDP...

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