The Indian economy beat expectations, growing 7.8% in the second quarter of fiscal year 2027 (April to June), above the 7% projected by the central bank, although there was a slight slowdown compared to 8.6% in the previous quarter. Growth was driven by robust domestic consumption, public spending, investment, and the strong performance of the tertiary sectors (financial, real estate, and technology) and industry (9.2%). Conversely, the agricultural sector faced difficulties due to delayed monsoons, and the mining sector contracted 2.4%. Prime Minister Narendra Modi celebrated the result as a "Herculean feat," stating that India flourished despite the energy shocks caused by the crisis in the Strait of Hormuz.
Jornal Económico31/08/26, 14:57
