‘Key growth engine’: IMF hails India’s 7.8% growth, backs GDP estimate changes

India’s economy showcased remarkable resilience by achieving a robust 7.8 percent GDP growth for the April-June quarter, surpassing forecasts. The strength of the services and export sectors contributed significantly to this success. The International Monetary Fund lauded India’s economic achievements and its pivotal role as a global growth driver, also acknowledging improvements in macroeconomic statistics and data quality. This comes amid ongoing evaluations of India’s latest GDP figures.