West Side Village
Krihaat Glass Hill,
Thailand
Glass Hill, Thailand
Al Noor development,
Ras Al Khaimah
Al Noor development, Ras Al Khaimah
Al Sanaa Development,
Ras Al Khaimah
Al Sanaa Development, Ras Al Khaimah
 
  Indian growth tops expectations
HOME >> NEWS >> Indian growth tops expectations

India's economy is growing faster than expected, according to official data, on the back of steady farm growth and strong manufacturing and services.

Gross Domestic Product (GDP) grew 9.3% in the April to June quarter from its level a year earlier.

The figure, from the Ministry of Statistics, had been expected to fall to 8.9% from the 9.1% recorded in the quarter between January and March.

The central bank expects growth of 8.5% for the whole of this year.

Growth picture

 

"It is slightly higher than expected partly because of higher farm growth and services. Every sector is growing," said Saumitra Chaudhuri, economic adviser at ICRA in Delhi.

Some analysts see the faster growth creating a risk of another rise in interest rates, but Friday's inflation figures appear to make that less likely.

Wholesale price inflation was 3.94% in the 12 months to 18 August, which is the first time that the weekly figure has fallen below 4% since April 2006.

The central bank raised interest rates five times between June 2006 and March 2007.

Behind China, India is the world's second fastest growing major economy.
 

Europe property development listings website

South American developments listing website

 
Home | Contact Us | Privacy | Terms of Use| Links
Property developments in Australia Property developments in Australia Property developments in Bahrain Property developments in Bahrain Property developments in China Property developments in China Property developments in Cyprus Property developments in Cyprus
Property developments in Egypt Property developments in Egypt Property developments in India Property developments in India Property developments in Indonesia Property developments in Indonesia Property developments in Iran Property developments in Iran
Property developments in Israel Property developments in Israel Property developments in Japan Property developments in Japan Property developments in Jordan Property developments in Jordan Property developments in Kuwait Property developments in Kuwait
Property developments in Lebanon Property developments in Lebanon Property developments in Malaysia Property developments in Malaysia Property developments in Morocco Property developments in Morocco Property developments in Nepal Property developments in Nepal
Property developments in New Zealand Property developments in New Zealand Property developments in Oman Property developments in Oman Property developments in Pakistan Property developments in Pakistan Property developments in Philippines Property developments in Philippines
Property developments in Qatar Property developments in Qatar Property developments in Russia Property developments in Russia Property developments in Saudi Arabia Property developments in Saudi Arabia Property developments in Singapore Property developments in Singapore
Property developments in Sri Lanka Property developments in Sri Lanka Property developments in Thailand Property developments in Thailand Property developments in Turkey Property developments in Turkey Property developments in United Arab Emirates Property developments in United Arab Emirates
© 2007 Asia Real Estate Finder. All rights reserved.