India within striking distance of 8% growth after 7.8% June quarter expansion, says PM principal secretary Shaktikanta Das
· Business · Times of India, timesofindia.indiatimes
India's GDP grew 7.8% in the June quarter, building on 7.9% full-year growth in the previous financial year. Principal Secretary to PM Shaktikanta Das attributed the expansion to strong domestic demand and investment, underpinned by GST and banking reforms, flexible inflation targeting, digital payments and fiscal prudence. Das highlighted the resilience of India's external sector, citing export diversification, free trade agreements and steady inward remittances as key supporting pillars. The government official noted that financial sector strength and prudent external sector management have become foundational to the growth trajectory. Looking ahead, Das said the pace of activity will accelerate in five years, with AI poised to enhance productivity and public service delivery across sectors. The journey ahead focuses on capitalising on emerging opportunities through deeper corporate bond markets, pension funds and innovative infrastructure financing.
Why it matters
The growth figures signal continued economic momentum for India's 1.4 billion population, with robust domestic demand and reform-driven stability supporting consumer spending, employment and investment sentiment across sectors.
Read the original report — Times of India
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