Brief by Shorts91 Newsdesk / 10:50am on 31 Aug 2025,Sunday Business
India's economy surged 7.8% in April-June 2025, marking its fastest growth in five quarters despite US tariffs reaching 50%. Chief Economic Adviser V. Anantha Nageswaran expects tariff impacts to be "short-lived" with resolution "sooner rather than later" through ongoing India-US conversations. The growth was driven by agriculture (3.7% vs 1.5% previous year) and services including trade, hotels, finance, and real estate. While acknowledging second-quarter tariff impacts, Nageswaran believes effects will be "contained" and compensated by GST relief and strong monsoon benefits. India maintains its position as the world's fastest-growing major economy, outpacing China's 5.2% growth, demonstrating underlying economic resilience despite external trade pressures. (PC: First Post & TRT Global)
