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India’s April-June GDP growth at 7.8%, highest in 4 quarters; more than US, UK, China, Germany

India reported a 7.8% GDP growth in April-June, making it the highest in four quarters. Economists were expecting a 7.7% growth on a YoY basis. The April-June GDP grew 7.8% as against 6.1% in January-March and 13.1% in April-June 2022.

FP Staff|Aug 31, 2023, 18:08:51 IST

India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period, as per the National Statistical Office (NSO) data released on Thursday.India remains the fastest-growing major economy as China's GDP growth in the April-June quarter was 6.3 per cent.As per the NSO data, the agriculture sector recorded a 3.5 per cent growth, up from 2.4 per cent in the April-June quarter of 2022-23.However, the growth in the manufacturing sector decelerated to 4.7 per cent in the first quarter of the current fiscal compared to 6.1 per cent in the year-ago period.The growth in Gross Domestic Product (GDP) during the January-March quarter of 2022-23 was 6.1 per cent and 4.5 per cent in October-December.

China has dominated Myanmar’s rare earth mines — now India eyes deal to harness country’s critical minerals

India is deepening rare earth cooperation with Myanmar as New Delhi seeks alternative sources of critical minerals dominated by China, including dysprosium and terbium used in EVs, defence systems and clean energy technologies

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CJP protest in Delhi: New videos of stone pelting, violence emerge as police, agitators trade charges

Fresh videos of violence that broke out during the Cockroach Janta Party's (CJP) protest in Delhi have surfaced, with the police releasing footage showing alleged stone pelting, vandalism and attacks on security personnel

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'From make in India to launch from India': Skyroot COO on why Vikram-1 could change India’s space sector

Skyroot Aerospace’s successful Vikram-1 mission marks a major milestone for India’s private space sector, as the country seeks to shift from “Make in India” to “Launch from India” and compete in the global commercial satellite launch market

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Choke terror funding, keep international shipping lanes safe: Jaishankar at Asean Regional Forum

Jaishankar's remarks came against the backdrop of recent terror attacks targeting India and growing threats to commercial shipping amid conflicts in West Asia and Europe

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PM Modi announces fast-track courts for paper leak cases; CJP responds ‘Dharmendra Pradhan must go’

Amid protests demanding accountability for the leak of medical entrance test Neet and other irregularities in the education system, Prime Minister Narendra Modi has announced that the government has decided to set up fast-track courts to ensure swift and stringent punishment for those involved in paper leaks.