India has recorded a higher GDP growth rate than China despite remaining one of the largest importers of Chinese goods. According to the latest economic data, China's economy expanded by 4.3% during the April–June quarter, down from 5% in the January–March quarter. The slowdown has surprised economists and reflects growing challenges facing the world's second-largest economy.
Reserve Bank of India (RBI) Governor Sanjay Malhotra has indicated that discussions around a possible interest rate hike are premature at this stage, emphasizing that the central bank will continue to closely monitor economic data before making any policy decisions.
