India's economic momentum indicates a strong and broad-based expansion
Mumbai, Nov. 12 -- OPEC stated in its latest monthly update that recent data suggests that the momentum seen in 1H26 continued into 3Q26 and the beginning of 4Q26, indicating a strong and broad-based expansion. Economic growth was revised up to 8.6%, y-o-y, in 1Q26 and remained exceptionally strong at 7.8%, y-o-y, in 2Q26, considerably above expectations. Growth was supported by robust private consumption, fixed investment, manufacturing, and services, confirming India's position as one of the fastest-growing major economies despite elevated energy prices and a challenging global environment. Industrial production increased by 6.7%, y-o-y, in September, following 7.8% in August, with manufacturing expanding by 7.6% and electricity and gas...
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