India’s Gross Domestic Product (GDP) expanded by 7.8% in the first quarter of the fiscal year 2023-2024, as per the latest data released by the National Statistical Office (NSO) on August 31, 2023. The significant growth can be attributed to the surge in government capital expenditure (capex) by both the central and state governments, which led to increased investments in infrastructure projects. This expansion in GDP indicates promising economic growth for the country, setting a positive tone for the upcoming quarters. To learn more about this development, read the full article.