The country’s economy grew faster than expected in July-September, powered by robust growth in manufacturing (at a 9-quarter high of 13.9%), construction and mining. It posted 7.7% growth in the first half of 2023-24 against the backdrop of a slowing global economy. The strong numbers for the second quarter also help India remain the fastest growing major economy in the world. Several multilateral agencies have raised their growth estimates for the current financial year citing resilient domestic demand.
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