Mumbai, Oct. 14 -- OPEC has stated in a latest monthly update that following economic growth of 7.4%, y-o-y, in 1Q25, India's GDP growth rose to 7.8%, y-o-y, in 2Q25, driven by strong private consumption and solid expansion in the services sector. Part of the upside reflects a sharp decline in the GDP deflator to 0.9%, a near six-year low, driven by lower consumer prices and wholesale price inflation, particularly the decline in vegetable prices. Adjusting for the volatility of food items, underlying growth may have been slightly lower. The services sector accounted for more than two-thirds of overall economic activity, while manufacturing remained resilient, recording a slight increase in the second quarter of 2025. Services growth accel...