India GDP Growth Reaches 7.8%: Implications for Economy, Markets & Consumers

Summary

India's GDP grew by a strong 7.8% in the April-June quarter, surpassing expectations and rising from 6.9% a year ago, with GVA growth at 8.2% and gross fixed capital formation surging 11.9%. Economist Rumki Majumdar from Deloitte analyzes the drivers of this growth, its sustainability, and implications for inflation, interest rates, markets, and the Indian consumer.