the India’s GDP grew by 8.2% In the third quarter of this year compared to the same period last year, according to data released on Friday (28) by the Indian Ministry of Statistics. The number exceeded economists’ expectations and indicates the resilience of the country’s economy in the face of… 50% tariffs Imposed on Indian goods by the United States by law Donald Trump’s government.
In a post in X, Prime Minister of India Narendra ModiHe classified the quarterly GDP result as “very encouraging” because it was the result of “pro-growth policies and reforms.”
Friday’s numbers also raised expectations for the annual performance of the Indian economy. The Asian country is expected to end the year 2025 with annual growth of 7%, exceeding previous estimates that predicted at most 6.8% growth.According to the information provided by the Chief Economic Advisor to the Government of India, V. Anantha Nageswaran.
the Private consumptionIndia, which accounts for about 60% of India’s GDP, achieved growth of 7.9%, higher than the 7% recorded in the second quarter. actually Capital investments The growth rate reached 7.3% compared to 7.8% in the previous quarter.
On the other hand, exports decreased by about 12% compared to October 2024, affected by an 8.6% decrease in shipments to the United States.
India’s total trade deficit, measured by quarterly GDP, rose to Rs 2.6 trillion, compared to Rs 1.7 trillion in the same quarter of the previous year, mainly due to lower exports, which fell by about 12%, dragged down by an 8.6% drop in shipments to the US.