Indian economic growth jumps in April-June, helped by looser pandemic curbs
2021-09-01 09:24:10 source：CNBC
August 31, 2021
India's economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20% compared to a year earlier driven by a surge in manufacturing and higher consumer spending.
The expansion nevertheless fell short of the 21.4% predicted by the central bank, which some analysts said would make the Reserve Bank of India (RBI) more likely to retain its accommodative stance until at least year-end.
Gross domestic product expanded 20.1% in April-June, the first quarter of India's fiscal year, compared with the same period a year earlier, driven mainly by manufacturing and construction, the statistics ministry said on Tuesday.
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