During the October-December quarter of 2023, India's real GDP growth surged to 8.4 percent year-over-year, compared to the upwardly revised figures of 8.1 percent in July-September and 8.2 percent in AprilJune.
The global rating agency Moody's attributed India's firm growth primarily to solid capital expenditure, defying private consumption which remained "sluggish" amid still-weak rural demand.
On the supply side, an 11.6 percent surge in manufacturing output and strong service sector activity more than offset a decline in agricultural output in India, it said.
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