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India posts stronger growth as businesses adjust to new tax

GDP expands 6.3% in July- Sept, its fastest pace in three quarters; economy seen gathering momentum

Published Thu, Nov 30, 2017 · 09:50 PM
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New Delhi

INDIA'S economic growth rebounded in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of a national sales tax.

Data released on Thursday showing the growth could help Prime Minister Narendra Modi, who has been facing criticism over the hasty July launch of a goods and services tax (GST).

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