Indian economy remains well supported by steady domestic demand, says OPEC
Mumbai, Oct. 14 -- OPEC stated in a latest monthly update yesterday that India's latest economic data continues to point to strong economic expansion. Real GDP growth stood at a revised 8.6%, y-o-y, in 1Q26 and remained exceptionally strong at 7.8%, y-o-y, in 2Q26, considerably above expectations. The 2Q26 figure was supported by a broad-based expansion in domestic demand, with private consumption increasing by 7.1%, y-o-y, and fixed investment by almost 12%, y-o-y. Manufacturing growth accelerated to 9.2%, y-o-y, while financial, real-estate and professional services grew by a particularly strong 12.1%, y-o-y. Overall, the data underscores the resilience of the Indian economy despite elevated energy prices and a challenging global enviro...
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