India's GDP rose 7.8% YoY in the April–June quarter, the Ministry of Statistics and Programme Implementation said, matching the prior quarter and exceeding the median economist forecast of 7.3%. The print reduces near-term concern that the Iran conflict could sharply dent growth. The Reserve Bank of India had projected 7% growth for the quarter and 6.7% for the fiscal year. RBI left the policy rate at 5.25% in August but signalled further hikes may be needed later this year if inflation pressure

India's GDP rose 7.8% YoY in the April–June quarter, the Ministry of Statistics and Programme Implementation said, matching the prior quarter and exceeding the median economist forecast of 7.3%. The print reduces near-term concern that the Iran conflict could sharply dent growth. The Reserve Bank of India had projected 7% growth for the quarter and 6.7% for the fiscal year. RBI left the policy rate at 5.25% in August but signalled further hikes may be needed later this year if inflation pressures intensify, complicating the interest-rate outlook.