India recorded economic growth of 8.2%

India's economy grew by more than 8 percent in the fiscal year that ended in March, CNN reported.

The result gave Prime Minister Narendra Modi a boost a day before the conclusion of national elections.

The world's most populous country also remains the fastest-growing major economy thanks to strong demand and massive government spending on infrastructure.

This maintains positive sentiments about India's overall economic trajectory despite chronic unemployment and huge social costs for hundreds of millions of distressed citizens.

Strong growth in the manufacturing and mining sectors contributed to India's annual growth, which exceeded government and analyst forecasts.

Finance Minister Nirmala Sitharaman said the result shows the resilience of the Indian economy despite global challenges.

India's economy also saw 7.8% growth in the March quarter, well above the government's forecast of 5.9%. | BGNES