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India maintains its status as the fastest-growing major economy, as the RBI projects a 6.5% real GDP growth for 2023-24, with a Q2 growth projection matching at 6.5%.
"We are expecting a pick-up in production for the remainder of the year. Last year also, the turnaround happened post January," said a senior official who requested not to be identified. Textile production grew 3.7% year on year in September, as per Index of Industrial Production (IIP) data released a fortnight ago, outpacing the 1.6% uptake registered in August.
Gurgaon MP has been projecting himself as a key face of South Haryana seeking its ‘political rights’, even as he has also been mobilising his support base over Ahir identity.
India’s economy grew at 7.6 per cent in the July-September quarter as against 7.8 per cent in the April-June quarter, government data revealed on Thursday.
India’s economy is in a “sweet spot,” but a pullback in private consumption is expected to continue, according to Radhika Rao of DBS Bank.