India's 7.8% Q1 GDP growth 'above our expectations', says IMF amid energy price shock
New Delhi, Sept. 11 -- India's economy has demonstrated resilience despite the energy price shock, with real GDP growth of 7.8% in the first quarter of FY27 exceeding expectations, the International Monetary Fund (IMF) said.
The IMF also welcomed changes to India's GDP estimation system amid ongoing concerns over the integrity and transparency of economic data.
IMF spokesperson Julie Kozack said India's real GDP growth during the April-June quarter was higher than both the expectations of IMF staff and the consensus estimates of 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-t...
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