December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter.

India’s economy picked up in the most recent quarter as manufacturing and government spending regained momentum.

December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer spending, data released on Friday showed. The growth in gross domestic product was slightly lower than the 6.

The World Bank has estimated that India will need to grow 7.8% on an average over the next 22 years to become a high-income economy by 2047 and underlined the need for a series of reforms to achieve the goal.

December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter.

The latest data also shows the Indian economy crossed a critical psychological threshold when its quarterly nominal GDP crossed the $ 1trillion mark for the first time in a quarter

India’s economic growth in the three months to Dec rebounded on the back of arecovery in govt and consumer spending, exports and a robust farm sector, while services remained steady.Data released by National Statistical Office on Friday showed GDP grew by 6.

India’s economy expanded a little over 6 percent in the December quarter, official data showed Friday, marking an uptick from the previous quarter as the country prepares for the fallout of US President Donald Trump’s protectionist trade policies.