India’s GDP Surges as Consumer Spending Revives, Covid Fears Ebb

NEW DELHI—India’s economic system grew 13.5% within the April-to-June quarter from a yr earlier, as coronavirus worries eased and allowed shopper spending to renew, however economists see indicators that the pent-up demand may start to taper off.

The gross home product issued on Wednesday, which reveals progress for India’s fiscal first quarter, benefited from a comparability with a yr earlier, when the economic system went right into a digital standstill as a devastating coronavirus wave pummeled the nation.