India, Aug. 29 -- The Indian economy likely grew at a healthy clip in April-June amid optimism of a US trade deal, although the outlook has since darkened as the country comes under the highest US tariffs in Asia.
India's GDP growth rate likely came in at 6.7% in the three months to June, according to the median estimate in a Bloomberg survey of 37 economists. That's slower than the 7.4% expansion in January-March period, but stronger than 6.5% a year earlier. Growth in the first quarter of the fiscal year is typically softer following a busy year-end.
Exporters rushed shipments to the United States after US President Donald Trump temporarily paused his reciprocal tariffs, helping prop up the quarter. The early onset of monsoons spurred...
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