India resilient despite energy price shock, says IMF supporting latest GDP data by govt
New Delhi, Sept. 11 -- India's economy has shown resilience despite the energy price shock, with the country's 7.8 per cent real GDP growth in the first quarter of FY27 coming in above expectations, the International Monetary Fund (IMF) said, while also welcoming changes in India's GDP estimation system amid a debate over the integrity and transparency of the data.
IMF spokesperson Julie Kozack said India's real GDP growth in the April-June quarter was higher than the IMF staff's expectations as well as the consensus among other observers.
"India's real GDP in the second quarter grew by 7.8 per cent. That was above our staff's expectations and also the consensus among other observers. This upward surprise was driven by stronger-than-exp...
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