India's economic growth accelerated unexpectedly in the June quarter, official data showed on Friday.
Gross domestic product logged an annual growth of 7.8 percent in the June quarter, faster than the 7.4 percent expansion seen in the March quarter. The rate was expected to slow to 6.6 percent. Moreover, the 7.8 percent rise was the fastest in five quarters.
The expenditure-side of GDP showed that private consumption and government spending advanced 7.0 percent and 7.4 percent, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.