India's Q1 GDP growth may hit one-year high banking on capex spike, services activity: Economists

India Q1 GDP news: The Indian economy likely grew at a rate closer to 8 per cent in the first quarter of FY24 owing to pick-up in the country's services sector, higher capital expenditure by central and state governments and stronger consumption, economists have said. The Narendra Modi-led government of late increased focus on capex.

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