A range of high-frequency indicators show India’s economy is gaining momentum, World Bank Executive Director Neelkanth Mishra said on Friday, pushing back against skepticism over whether strong headline growth reflects conditions on the ground.
India remains the world’s fastest-growing major economy, having surpassed estimates to expand 7.8% in the April-June quarter from a year earlier, figures this week showed. That was still slower than the upwardly revised 8.6% pace in the preceding three months.
