The jump came because of the low base of the previous quarter and economists have cautioned of a slowdown.
India’s economy grew by 13.5 percent in the April-June quarter from a year earlier, the fastest pace in a year, amid fears of growth sharply slowing this quarter and the next two as higher interest rates hit activity.
The jump came on the back of a boost in agriculture and manufacturing as pandemic curbs eased, official data released on Wednesday showed.
Economists in a Reuters poll had forecast gross domestic product in Asia’s third-largest economy would grow 15.2 percent year-on-year in the April-June quarter, compared with 4.1 percent in the previous quarter.
The apparent big jump in growth, which is lower than the 20.1 percent annual growth registered in the same quarter the previous year, is because of the low base of the previous quarter and economists have cautioned that the growth this quarter may be followed by a…
