India’s surprisingly strong economic growth last quarter was likely exaggerated by statistical factors, economists said, and will push up full-year forecasts even as higher US tariffs take a toll.
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India's nominal GDP slowdown is cyclical, not structural but era of 15% growth is over, economists say
Economists also said lower inflation and a weak GDP deflator have dragged nominal growth to around 10%, even as real activity improves; the bigger challenge now is jobs and wage growth.
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