evidence: Gross domestic product (GDP) in the world’s fastest growing major economy surged 8.4% in the final three months of 2023 compared with a year prior, up from growth of 7.6% in the June-to-September period, the country’s statistics office said Thursday. [...] "India remains an oasis of strong growth and macro stability in a volatile global backdrop," they wrote in a note on Friday. De Silva at Capital Economics noted that the momentum behind India’s red-hot economic growth "may fade a touch," as weak global growth weighs on exports, while tighter restrictions on unsecured lending in the country may limit household spending.