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HomeNewsOpinionGDP data: A positive growth surprise, powered by investment even as consumption lags

GDP data: A positive growth surprise, powered by investment even as consumption lags

Gaurav Kapur   •

Investment driven by public sector capex remains the dominant source of growth. Close to half of the headline real GDP growth is coming from growth in gross capital formation

The external sector drag on growth is also expected to ease over the second half of the year, with exports growth holding steady and imports growth slowing down

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