Finance ministry pegs India Q2 growth at 7.35%
In short
India’s finance ministry said the economy likely grew 7.35% in the September quarter. It said industrial output, GST collections, energy use, port traffic and auto sales helped growth.
The ministry also warned that high crude prices, food inflation, rupee pressure and high US bond yields could create problems later. It did not say how large those risks may be.
What the reporting says
India’s finance ministry estimated 7.35% growth in the September quarter, supported by industrial output, GST collections, energy use, port traffic and auto sales. The publisher-supplied summary says the ministry expects domestic demand and investment to keep momentum going, but warned that high crude prices, food inflation, rupee pressure and elevated US bond yields could hurt the second half. The exact size of any slowdown risk is not stated in the available reporting.
Why it matters
The finance ministry estimated 7.35% growth for India in the September quarter, citing strength in industrial output, GST collections, energy use, port traffic and auto sales. It said domestic demand and investment should support momentum. At the same time, it flagged risks from high crude prices, food inflation, rupee pressure and elevated US bond yields. The report does not quantify the possible downside from those pressures.