India's economy grows at 7.3% in Q2 driven by rural and government spending, despite subdued private investment.

India's economy likely grew 7.3% in Q2, driven by strong rural and government expenditure, despite private capital spending remaining subdued. Household consumption strengthened due to better agricultural output, while government spending persisted. Economists predict GDP growth to slow to 6.8% in Q3 and 6.3% in Q4. A low deflator provided a statistical boost to the data.