Economics

Strong Demand Keeps India on Path to World’s Fastest Growth

GDP grew 20.1% in June quarter; 9.2% expansion seen for year
Central bank has vowed to support durable economic growth

WATCH: Rakesh Mohan, former deputy governor of the RBI, discusses the outlook for the economy and policies amid the Covid-19 pandemic.(Source: Bloomberg)

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By Vrishti Beniwal

August 31, 2021 at 12:17 PM UTC

Updated on

August 31, 2021 at 1:02 PM UTC

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The economic toll from a deadly second wave of Covid-19 outbreak in India last quarter wasn’t as bad as feared, with the nation still very much on track to achieving the world’s fastest growth this year.