GDP Growth Surprises on the Upside

India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty.

Gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in a Reuters poll.

That marked the strongest quarterly growth in the fiscal year of 2025, according to government data released Friday.

India’s economy expanded by 6.5% in the full fiscal 2025 year, in line with the government’s February estimate.

The growth outlook in Asia’s third-largest economy has remained relatively robust, thanks to strong domestic consumption and a relatively lower dependence on exports, cushioning the blow from U.S. President Donald Trump’s erratic trade policy.