India's Economic Growth Accelerates to 6.2%
India's economy grew by 6.2% in October-December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer spending. The growth in gross domestic product (GDP) was slightly lower than the 6.3% expansion projected by analysts in a Reuters poll, and the central bank's estimate of 6.8%. The world's fifth-biggest economy grew 5.6% in the previous quarter.
- This modest acceleration in GDP growth suggests that India's economic recovery remains on track, but with some cautionary signs of underlying inflation pressures and global uncertainty that could impact future growth.
- How will policymakers balance the need to support growth with the risks of over-stimulating the economy and fueling inflationary pressures?