India's Economy Shows Resilience with 7.1% GDP Growth Despite Global Headwinds
• India's GDP grew at 7.1% in first 3 quarters of 2022, showing economic resilience amid global challenges
• Industrial sector expanded rapidly, manufacturing saw double-digit growth
• Fixed investment rising due to higher capital spending by central and state governments
• Inflation forecasts remain within expectations due to contractionary policies
• India's growth trajectory makes it key driver of South Asia's economic expansion of 5.7% in 2023