The Indian economy grew at a robust 7.8 per cent in the first quarter of the ongoing financial year, despite the adverse fallout from the West Asia conflict. Growth surpassed expectations of most analysts, including the central bank, which, in the last Monetary Policy Committee meeting, had pegged the economy to grow at 7 per cent. The strong number for the quarter suggests that the full year’s estimate of growth — the RBI had, for instance, projected growth at 6.7 per cent — could now be revised upwards.

Economic indicators had suggested that the underlying growth momentum was holding up despite an........

© Indian Express