India’s Economy Grows More Than Estimated Amid Rate Pressure
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India’s economy grew faster than estimated last quarter, maintaining pressure on the central bank to extend its record interest-rate increases even as the global recovery weakens.
Gross domestic product rose 7.7 percent in the three months ended June 30 from a year earlier, the Central Statistical Office said in New Delhi today. That compares with a 7.8 percent climb in the previous three months. The median of 26 predictions in a Bloomberg News survey was for a 7.6 percent gain.