India's strong services activity has helped GDP growth comfortably beat expectations for the second quarter in a row, rising to an impressive high of 7.8 per cent for April-June 2025.
Department of Economic Affairs (DEA) Secretary Anuradha Thakur on Saturday expressed confidence that India will meet its fiscal deficit target of 4.4 per cent for 2025-26, despite the first quarter showing a wider deficit than last year.
Despite the slowdown in growth in the first quarter of 2024-25, India's underlying economic conditions remain positive, asserted S&P Global Market Intelligence.
The Indian economy grew by 6.7 per cent in the April-June quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
Indian stock indices settled the week's trade on a high, keeping the gains that were accumulated throughout the day intact. The indices were supported by continued buying by foreign portfolio investors.