India’s Growth Holds Firm as Q3 GDP Seen Near 7.5%

India’s economy is continuing to grow strongly.

A report from HSBC says the economy could grow by about 7.5% in the third quarter.

Factories produced more goods, and exports increased.

The government also spent more money on infrastructure projects.

Banks provided more loans, helping businesses and investment.

People’s spending stayed fairly steady, partly because fuel taxes were reduced.

However, higher prices, bad weather and costlier borrowing could slow growth for poorer families and informal workers.

HSBC remains generally confident because exports are strong and trade agreements may create more opportunities.