💨 Abstract

India's economy rebounded last quarter, growing 6.3%, mainly driven by increased government spending. Household demand remained weak, and growth is expected to be relatively modest in the future. The growth is more policy-driven as household consumption remained sluggish. The economy's ability to sustain momentum without continued support from the government is questionable. Economic activity as measured by gross value added (GVA) was estimated to have expanded 6.2%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖