India’s Growth Tops 8%, Giving Boost to Modi as Vote Ends
- GDP grew 8.2% in the fiscal year ended March, above forecasts
- Alternative measure of growth shows slowdown last quarter
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India’s economic growth topped 8% in the fiscal year that ended in March, faster than expected, giving Prime Minister Narendra Modi’s government a boost days before election results are announced.
Gross domestic product rose 8.2%, the Statistics Ministry said Friday, above the 7.9% forecast by economists in a Bloomberg survey. For the January-March quarter, GDP grew 7.8% from a year ago, higher than expected, but lower than the revised 8.6% expansion in the previous quarter.