CNBC World59 minutes agoBusiness1 min read
India's economy grows by 7.8% in June quarter
Quick Look
- India's economy expanded by 7.8% in the quarter ending June, exceeding Reuters poll expectations of 7.1%.
- Growth was primarily supported by the financial, real estate, IT, and professional services sectors.
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Why It Matters
The economy grew by 7.8% in the quarter ending June, exceeding the 7.1% growth expected by a Reuters poll.
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India's economy grew by 7.8% in the quarter ending June, mainly driven by strong performance in the financial, real estate, information technology and professional services sectors.
According to a Reuters poll, the economy was expected to grow by 7.1% in its fiscal first quarter, below the 7.8% recorded over the previous quarter.
This is a developing story and will be updated shortly.
Open Questions
- Will the growth rate be revised in future reports?
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This article was originally published by CNBC World.
