Economics
India’s Economy Faces Resilience Test Amid Rising Interest Rates
- Survey shows April-June GDP grew at the fastest pace in a year
- Expansion seen moderating on higher rates, global slowdown
Customers buy vegetables at a wholesale market in Bengaluru, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s economy probably grew at the fastest rate in a year last quarter driven by healthy consumption, but the pace of expansion is seen slowing as policymakers prioritize rising prices over growth.
Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey of economists. That’s the fastest reading since the April-June quarter of 2021 and compares with a 4.09% expansion in the previous three months.