<h1>India's economy grows 7.8% in April-June; agriculture and services lead while trade tariffs threaten export outlook</h1> India's economy expanded 7.8% year-on-year in April-June, a five-quarter high driven by agriculture and services, with manufacturing up slightly and mining and utilities lagging; nominal GDP rose 8.8%. Government final consumption, private consumption and gross fixed capital formation also increased, while estimation discrepancies widened. The outlook is clouded by recently imposed foreign tariffs and penalties that threaten export sectors, prompting forecasters to lower full-year growth expectations and to anticipate constrained monetary easing. Central bank projections and fiscal metrics will be pivotal for policy responses to mitigate trade-related legal and economic risks.