Indian Economy Grows 7.8% In April-June, Compared To 6.1% In Last Quarter

This marks a rise from a 6.1% growth in January-March quarter, but fell short of the RBI's 8% forecast.

The Indian economy grew 7.8 per cent in the April-June quarter, driven by high private consumption and investment, the fastest in a year that saw a sharp rise in inflation.

It marks a rise from a 6.1 per cent GDP growth in January-March quarter of the previous financial year. However, it fell short of the Reserve Bank of India's 8 per cent forecast.

The year-ago period, April-June quarter of 2022-23, saw a 13.1 per cent growth. The GDP growth in October-December was 4.5 per cent.