Business

Surprise boost: Economy grows 7.6% in Q2, beating estimates

The second-quarter GDP growth is just shy of 7.8% clocked in the June quarter and significantly higher than the 6.2% recorded in the September quarter last year. Growth in the first half of FY24 was 7.7% compared with 9.5% a year earlier. “Manufacturing sustained expansion, endorsed by IIP (Index of Industrial Production) and core infra sector growth,” said chief economic advisor V Anantha Nageswaran.

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