India's economic growth surpasses estimates, rises at 8.2% in FY24

GDP surprises: India's Gross Domestic Product (GDP) for January to April quarter has come at 7.8 per cent as compared to 6.2 per cent in year ago period, while country has surprised with GDP at 8.2 per cent  for FY24.

As per experts, numbers were quite a surprise, saying Q4 was expected to be relatively weaker. Gross Value dition (GVA) at 7.2 per cent has equally sprung a surprise, said experts. private final consumption expenditure has risen marginally by 1.2 per cent.

However, on flip side India's forex reserves dropped by  $2.027 billion to $646.673 billion for week ended May 24.

eight key infrastructure sectors' growth saw a rise to 6.2 per cent in April on back of a robust healthy expansion in production of natural gas, refinery products and electricity, according to official data released on Friday. production of eight sectors grew by 6 per cent in March. growth of se core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.6 per cent in April 2023.