India's economy recorded a growth of 8.2% in the third quarter, exceeding analysts' estimates, despite the impact of the 50% tariffs imposed by the United States on exports. This acceleration compared to the 7.8% growth in the previous quarter was supported by a strong recovery in the industrial, construction, and domestic consumption sectors. The nominal GDP increased by 8.7%, and the financial and real estate services saw substantial growth of 10.2%. Although domestic consumption was temporarily tempered due to the anticipation of tax cuts, demand exploded in October, fueled by the tax reductions. Additionally, the trade deficit increased due to high gold imports. The International Monetary Fund forecasts a continuation of economic growth, estimating an advance of 6.6% in 2026, despite external challenges.
Sources
Latest News
22:22
Radu Miruță announces measures for Romanian grain exports and denies that Ukrainian trains are being prioritized at the Port of Constanța
22:14
Marco Rubio urges Europe to “wake up from sleep” and strengthen its defense
21:54
Bulgaria invites Romania and Turkey for consultations after drone attacks on commercial vessels in the Black Sea
21:41
The U.S. government is considering setting up a presidential residence at Donald Trump’s golf complex
21:34
Police are searching for a possible puma near Munich Airport
See more news