Bangladesh’s cabinet has approved the New Development Bank (NDB) Ac India’s GDP grew at a rate of 7.8% in the three months to June, the fastest pace in a year, driven by strong services growth and a modest pick-up in manufacturing. However, there are concerns over rising inflation, partly due to poor monsoon rains and dry El Nino conditions affecting crop yields.t, thus making it easier for the country to receive funds from the BRICS lending arm.