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First quarter GDP growth of 7.8% surpasses expectations; economy in high growth phase

Blitz India Business NEW DELHI: Prime Minister Narendra Modi’s confidence in India’s economic prospects has received a powerful endorsement from the latest NSO growth data. The economy expanded by 7.8 per cent in the April-June quarter, well above 7.1 per cent that most economists predicted and the RBI’s 7 per cent estimate. This strengthens the…

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