India's economy grew at a much faster pace than expected in the July-September quarter, helped by government spending and manufacturing.
Asia's third-largest economy expanded 7.6 per cent in the September quarter, much faster than the 6.8 per cent forecast in a Reuters poll of economists and the Reserve Bank of India's estimate of 6.5 per cent.
COMMENTARY: UPASNA BHARDWAJ, CHIEF ECONOMIST, KOTAK MAHINDRA BANK
"The sharp upside surprise to the second-quarter GDP figures is a welcome sign, especially as it comes in the backdrop of a broad-based pickup across most non-agricultural sectors."
"We, however, expect the second-half growth to moderate. Having said that, the full year GDP numbers have got a big fillip after today's figures."