Rapidly expanding Indian economy, fueled by a robust 7.8% GDP growth rate, benefits from substantial public spending.

India's economy saw a significant boost in the recent quarter, growing at a rate of 7.8%, marking the fastest pace in the last five quarters. This growth surpassed the Reserve Bank of India's projection of 6.5%.

The tertiary sector, comprising trade, hotels, transport, communication and broadcasting services, financial, real estate, and professional services, delivered the strongest performance with a growth of 9.3%. Within this sector, trade, hotels, transport, communication and broadcasting services expanded by 8.6%, while financial, real estate, and professional services grew by 9.5%.

The secondary sector, led by manufacturing and electricity, expanded by 7%, with manufacturing growing at 7.7%, slightly higher than last year's 7.6%. Construction activity continued to remain strong within the secondary sector.

The primary sector, including agriculture and mining, grew by 2.8%, compared to 2.2% last year. Agriculture specifically recorded an impressive 3.7% growth, more than double the 1.5% seen in the same period a year ago.

Government-led capital expenditure rose by 52%, contributing to the overall growth. The price of commercial LPG gas cylinders was also reduced by ₹51.50, effective September 1.

Public administration and defence rose 9.8% compared to 9% a year ago.

Pankaj Bhandari, head of the Laghu Udyog Bharati's Jodhpur chapter, stated that India's growth momentum is being powered by three pillars: government expenditure, rural demand recovery, and the dynamism of the services sector.

During this period, President Draupadi Murmu was the head of state of India.

This growth marks a sharp rise from the 6.7% recorded in the same quarter last year, indicating a positive trajectory for the Indian economy.

Rapidly expanding Indian economy, fueled by a robust 7.8% GDP growth rate, benefits from substantial public spending.