New Delhi, [India] August 31 (ANI): India's domestic economic momentum remains strong in the near term, but uncertainties over global interest rates, energy supplies and food prices could weigh on growth going forward, India's Chief Economic Advisor, V Anantha Nageswaran said on Monday. He said the economy had demonstrated considerable resilience despite geopolitical disruptions and external shocks, but warned that global developments could eventually have an impact on domestic activity.
According to the data release by the Ministry of Statistics & Programme Implementation on Monday, India's real GDP grew 7.8% year-on-year in the April-June quarter of FY27, The growth was higher than the 6.9% recorded in the year-ago quarter, but moderated from the 8.6% growth in the January-March quarter, marking a strong start to the new financial year despite the West Asia conflict and global uncertainties. The 7.8% expansion was also above the RBI's 7% projection.
