India's GDP Soars Amidst Global Trade Challenges

India's GDP surged by 8.2% in the July-September quarter due to strong consumer spending and manufacturing, unexpectedly surpassing forecasts. Experts suggest this growth may continue into the next quarter, supported by strong demand and investments. The robust performance sets the stage for potential monetary policy adjustments.

India's economic growth for the July-September quarter has exceeded expectations, with GDP surging by 8.2%. This marks a significant rise from the 7.8% growth in the previous quarter, chiefly driven by strong consumer spending and manufacturing sectors amid global trade uncertainties.

Economists had anticipated a 7.3% expansion, but the higher growth occurred despite new U.S. tariffs on Indian exports. Experts, including Madhavi Arora from Emkay Global, suggest the positive growth trend is likely to persist into the next quarter, supported by improvements in consumer demand and ongoing investment in various sectors.

The impressive GDP figures have prompted discussions about potential monetary policy adjustments. Some economists forecast further growth, potentially leading to a GDP increase close to 7.5% for the full fiscal year, thus solidifying India's position as one of the fastest-growing major economies.

(With inputs from agencies.)