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    HomeNewsOpinionServices sector powers near 8% real GDP growth in Q1, highlights strong momentum

    Services sector powers near 8% real GDP growth in Q1, highlights strong momentum

    The domestically oriented nature of India’s growth is visible in the spending side break-up of the GDP estimates. Private consumption growth accelerated to 6% yoy during Q1FY24 from 2.83% yoy in Q4FY23, helped by strong and resilient urban demand 

    Gaurav Kapur
    September 01, 2023 / 08:14 IST
    The MPC in its October meeting would weigh on whether the strong growth impulses are reinforcing demand side inflation pressures and the first quarter GDP would give them a reason to remain cautious
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