Tag: Avro India

India’s economy expanded at its fastest rate in a year in the June quarter, with GDP growing 7.7 per cent, up from 6.1 per cent in the previous quarter and the fastest since April-June 2022. Lower commodity prices allowed manufacturers to increase margins and partially offset the 250 basis point increase in interest rates since May 2022. Services will drive growth on the output side, while investments will drive it on the expenditure side. India, the third-largest economy in Asia, has been able to defy the global slowdown,...