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India economy grows at faster-than-expected 8.2% in September quarter even as tariffs bite
In a quarter partially affected by the 50% U.S. tariffs, the Indian economy grew faster than expected at an annual rate of 8.2% in the quarter ending in September. The growth was an acceleration from 7.8% in the previous quarter, when a lower deflator unexpectedly boosted real growth. A deflator measures how inflation affects the value of total output. A Reuters poll of economists had pegged the July-September gross domestic product at 7.3%. India’s nominal GDP — which does not account for inflation or deflation — grew 8.7% in the September quarter compared to 8.8% in the previous quarter. The sharp improvement ... (full story)
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