Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions

India’s economy recorded impressive growth of 7.8% during the April to June quarter, driven by a thriving manufacturing sector and a strong services industry. Domestic demand surged, bolstered by significant increases in investment and exports. Reflecting this positive trend, the government has upgraded growth projections for prior financial years, showcasing the economy’s robust resilience in the face of global challenges.