India's economy surpasses estimates to grow 8.4% in Oct-Dec quarter
India's economic growth sped up unexpectedly in 4Q2023. Economists had forecast the pace of growth to slow, but the world's fastest-growing major economy expanded 8.4% in the three months ended December. A moderation in government spending and uneven monsoon were expected to weigh on growth. Instead, robust manufacturing and construction activity buoyed the economy. Rebecca Bundhun reports from Mumbai.
India's economic growth sped up unexpectedly in 4Q2023. Economists had forecast the pace of growth to slow, but the world's fastest-growing major economy expanded 8.4% in the three months ended December. A moderation in government spending and uneven monsoon were expected to weigh on growth. Instead, robust manufacturing and construction activity buoyed the economy. Rebecca Bundhun reports from Mumbai.
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