Building on the momentum of the previous two quarters, India’s economic growth surged to a six-quarter high in Q3FY24, exceeding 8% for the third consecutive time. Incorporating updated information, the higher second advance estimate for FY24 economic growth has fueled optimism about the economy. Non-governmental expert agencies have also revised their growth projections upwards. Steady consumption and robust investment activity drive growth, with public investment crowding in private investment. Strong aggregate demand stimulates manufacturing, construction, and related professional, financial, and real estate services
