India's economy logged a record growth in the three months to June, but that came from an extremely low base in the same period last year when the coronavirus pandemic and resultant lockdowns hurt economic activity severely.
Gross domestic product grew 20.1 percent year-on-year in the April to June quarter versus a 24.4 percent contraction in the same period of the fiscal year 2020-21, preliminary estimates from the statistics ministry showed Tuesday. Economists had forecast 20 percent growth. The quarterly gross value added rose 18.8 percent year-on-year versus a 22.4 percent drop in the same quarter last year.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.