<p>New Delhi: India's economy will sustain growth momentum quarter on quarter after it beat expectations in July-September, and inflation is on the decline despite temporary food shocks, the government said on Friday in its monthly economic report.</p>.<p>India's economy grew faster than expected in July-September raising expectations that Asia's third-largest economy will outperform its own estimates for the full year.</p>.RBI continues battle against inflation; all eyes on possible rate cut in 2024.<p>"Risks to growth and stability outlook mainly emanate from outside the country. Nonetheless, the Indian economy is expected to comfortably achieve a growth rate upwards of 6.5 per cent in FY24," the government said in its report.</p>.<p>"The momentum gained in Q2 of FY24 is likely to be sustained in Q3 as well," it said.</p>.<p>Retail inflation in November rose at its quickest pace in three months due to higher food prices, but core inflation - which strips out volatile food and energy prices - was the lowest in nearly four years at 4.1%.</p>.<p>Growth in consumption demand is expected to be sustained while rural demand is catching up, the government also said.</p>
<p>New Delhi: India's economy will sustain growth momentum quarter on quarter after it beat expectations in July-September, and inflation is on the decline despite temporary food shocks, the government said on Friday in its monthly economic report.</p>.<p>India's economy grew faster than expected in July-September raising expectations that Asia's third-largest economy will outperform its own estimates for the full year.</p>.RBI continues battle against inflation; all eyes on possible rate cut in 2024.<p>"Risks to growth and stability outlook mainly emanate from outside the country. Nonetheless, the Indian economy is expected to comfortably achieve a growth rate upwards of 6.5 per cent in FY24," the government said in its report.</p>.<p>"The momentum gained in Q2 of FY24 is likely to be sustained in Q3 as well," it said.</p>.<p>Retail inflation in November rose at its quickest pace in three months due to higher food prices, but core inflation - which strips out volatile food and energy prices - was the lowest in nearly four years at 4.1%.</p>.<p>Growth in consumption demand is expected to be sustained while rural demand is catching up, the government also said.</p>