India’s economy grew by over 8% in the fiscal year ending in March, providing a significant boost to Prime Minister Narendra Modi just before the country concludes its lengthy national election. The Statistics Ministry reported that Gross Domestic Product (GDP) increased by 8.2%, surpassing the Modi government’s forecast of 7.6% and solidifying India’s position as the world’s fastest-growing major economy.
India’s strong economic growth is a positive sign for the country’s future prospects and reflects well on the policies implemented by the Modi government. In the final quarter of the fiscal year, GDP grew at a rate of 7.8%, exceeding expectations and showing an improvement compared to the same period in 2023 when GDP had risen by 8.6% in the October-December period.
As this story continues to develop, it will be interesting to see how India’s economic growth impacts the outcome of the national election and what it means for India’s future prospects. Stay updated with the latest news and newsletters from CNN by creating an account on CNN.com.
