India's GDP grows 8.4% y/y in July-September quarter

India’s economy grew 8.4% year-on-year in the July-Sept quarter, official data on Tuesday showed. The read-out for Sept quarter was in line with 8.4% growth forecast of analysts in a Reuters poll, and came after a record growth of 20.1% in the previous quarter.

The economy had contracted 7.4% in the same quarter a year earlier, according to revised figures, when the economy struggled with pandemic restrictions.