MarketPR
India's fiscal first-quarter gross domestic product expanded 7.8%, clearing estimates and placing the services economy in focus for investors watching South Asian growth.
The advance was led by strong performances across financial services, real estate, information technology, and professional services.
The sectoral composition reads differently for equity investors than for those tracking physical trade flows.
The four sectors behind the quarter's outperformance operate primarily through human capital and contracted work rather than inventories or shipping capacity.
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