May 30, 2024

India ‘easily’ fastest growing economy, IMF director says, as GDP growth soars

IMF Executive Director and former Chief Economic Advisor of India, Dr Krishnamurthy V. Subramanian addresses a press conference.

Hindustan Times | Hindustan Times | Getty Images

India is ‘easily’ the fastest growing economy in the world, IMF executive director Krishnamurthy Subramanian said, as the country’s third-quarter GDP growth blew past analysts’ estimates.

At 8.4%, India’s economy expanded at its fastest pace in six quarters, data showed late on Thursday, strong private consumption and upbeat manufacturing and construction activity. Reuters estimates had pegged growth in the October to December period at 6.6%.

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