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India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. The print for the gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in a Reuters poll. That marked the strongest quarterly growth in the fiscal year of 2025, according to government data released Friday. India’s economy expanded by 6.5% in the full fiscal 2025 year, in line with the government’s February estimate. The growth outlook in Asia’s third-largest economy has remained relatively robust, thanks to strong domestic consumption and a relatively lower dependence on exports, cushioning the blow from U.S. President Donald Trump’s erratic trade policy. Trump last month slapped so called “reciprocal” tariffs of 26% on goods imported from India as part of broader U.S. trade measures, only to lower them to 10% for 90 days ending in July
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