{"id":320947,"date":"2025-12-02T17:27:12","date_gmt":"2025-12-02T17:27:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/320947\/"},"modified":"2025-12-02T17:27:12","modified_gmt":"2025-12-02T17:27:12","slug":"indias-strong-economic-growth-impresses-amid-doubts-on-overstated-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/320947\/","title":{"rendered":"India\u2019s strong economic growth impresses amid doubts on \u2018overstated\u2019 data"},"content":{"rendered":"

The better-than-expected growth of India<\/a>\u2019s economy, driven by strong performance in the domestic consumer and manufacturing sectors, highlights its near-term resilience despite a slowdown in exports and US import tariffs.While India\u2019s 8.2 per cent year-on-year growth figure in the July to September quarter was the fastest among major economies<\/a>, analysts warn that the headline numbers may not provide a true picture of the challenges it faces.<\/p>\n

Private consumer spending, which accounts for more than half of India\u2019s gross domestic product, rose 7 per cent, fuelled by low inflation, according to official data released on Friday. Manufacturing output increased by 9.1 per cent over the same period.<\/p>\n

The rosy picture on the domestic front was in stark contrast to India\u2019s external trade outlook. The country\u2019s merchandise exports fell by 11.8 per cent to US$34.4 billion in October. Shipments to the US declined by 8.5 per cent \u2013 a second straight month of contraction.<\/p>\n

In response to the slowdown in its exports, India has been stepping up diversification into new markets.<\/p>\n

N.R. Bhanumurthy, director of Chennai-based Madras School of Economics, said the visit by Russian President Vladimir Putin to New Delhi this week was a \u201cclear signal\u201d that India was prioritising trade diversification.<\/p>\n","protected":false},"excerpt":{"rendered":"The better-than-expected growth of India\u2019s economy, driven by strong performance in the domestic consumer and manufacturing sectors, highlights…\n","protected":false},"author":2,"featured_media":320948,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[21453,45,49,48,33579,96494,46,9383,3607,53699,15805,1799,1688,182],"class_list":["post-320947","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-association-of-southeast-asian-nations","tag-business","tag-ca","tag-canada","tag-delhi","tag-diwali","tag-economy","tag-exports","tag-gdp","tag-gst","tag-imf","tag-india","tag-manufacturing","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/320947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=320947"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/320947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/320948"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=320947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=320947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=320947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}