November 21, 2024 3:05 PM

India’s economic activity growth hits 8-month high in October: report

India’s economic activity growth surged to an eight-month high of 10.1% in October, up from 6.6% in September, despite an unfavorable base effect, according to a report released on Thursday. The growth momentum was driven by the end of the monsoon season, which positively impacted sectors such as mining and electricity. Additionally, strong festive season demand boosted vehicle registrations, fuel consumption, and air travel, while exports witnessed a significant surge, said credit rating age...