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IMF praises India's 7.8% GDP growth, calls it a key global growth engine

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India recorded a GDP growth rate of 7.8 percent in the April-June quarter, exceeding earlier forecasts. Strong performance in the services and export sectors were the primary drivers of this economic expansion. The International Monetary Fund commended India's economic progress, highlighting its significant role in powering global growth. The IMF also acknowledged improvements in the quality of India's macroeconomic data and statistical methods. These developments come as analysts continue to assess the country's latest GDP figures.

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