India's economy grows faster-than-expected in Jan-March on strong manufacturing

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Stan Rogers Folk Festival 2024: 27 years of music and community | SaltWire #festival #music #nsNEW DELHI -India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter, helped by strong growth in the manufacturing sector, and economists expect the momentum to remain strong this year.

The growth figures will be a boost for Indian Prime Minister Narendra Modi, who is largely expected to win a third term in the national election, with results scheduled to be released on June 4. The Reserve Bank of India's record surplus transfer of 2.11 trillion rupees earlier this month is likely to allow the government to increase state spending or cut the fiscal deficit.

 

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