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The country's Gross domestic product (GDP) growth of 7.6 per cent beat most estimates, including 6.5 per cent projected by the Reserve Bank of India (RBI).
It was a hushed start for equities this year with inflationary concerns and growth dynamics driving the markets but sentiments rebounded dramatically in the later half.
The Indian economy grew faster in July-September than what was predicted by almost all analysts. But those expectations pale in comparison to what ICICI Securities' Prasenjit Basu had in mind and what he thinks might pan out in the rest of 2023-24 and 2024-25
India's exports are facing hurdles from high global interest rates, which is affecting demand for Indian goods. New Delhi has been looking to tap less-explored regions to boost outbound shipments.
India's Q2 GDP Growth at 7.6%: India's gross value added or GVA also grows 9 per cent during July-September 2023