India posts 7.4% gain in growth
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BANGALORE, India India&#39;s economy expanded by a more-than-expected 7.4 percent in the April-to-June quarter, buoyed by strong growth in manufacturing and services, the government announced on Thursday.
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The countryâs economic managers on Friday announced a âtremendously improvedâ economic outlook for the country this year owing to improved revenue collection that could trim the P197-billion
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India is now growing faster than nearly any other sizeable economy in the world.
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India&#39;s business providing software and services to companies outside its borders will grow a healthy 26 to 29 percent this year, the country&#39;s main trade association for that sector said Monday.
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Indiaâs exports of manufactured goods rose in November as companies completed orders and hedged to cope with the rupeeâs appreciation.
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South Africa's Gross Domestic Product rose 4.7 percent in the third quarter from the same period last year on the growth in the financial, real estate and services sectors, official data has shown.
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The economy expanded by 3.0 percent during the first quarter of 2007 on a 12-month basis, official data showed on Friday.
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The outlook for India&#39;s economy was upgraded Monday by international credit rating agency Standard &amp; Poor&#39;s, despite rising inflation and insufficient monsoon rains that could slow growth.
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The economy grew by 0.8 percent in the second quarter of this year compared with 0.7 percent during the first three months of 2007, according to official data published on Friday.
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Indian shares, Asia's second top performers last year, are poised for long-term gains as foreign investors buy into the market, seeing the country as an economic "growth story," according to analysts.
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India will improve on its already rapid economic growth levels in the years ahead, Prime Minister Manmohan Singh predicted on Monday.
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The economy grew at a faster than expected annual pace of 3.0 percent during the first quarter of 2007, official data showed on Friday.
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This fourth priority&#39;s main focus has been improving or obtaining CRM and ERP software for the past year and a half. India&#39;s software exports are on track to grow by 30 percent in the 2004-2005 fiscal year
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India grew 9.1% in the first three months of 2007, driven by the manufacturing and service sectors.
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The Indian economy is poised for sustained economic growth of 7-8 per cent for the next ten years, Finance Minister Palaniappan Chidambaram told participants in a keynote address at the opening session of the World Economic Forum&#39;s 20th India Economic
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Indiaâs economy grew at the fastest rate in almost 20 years in its last fiscal year as companies lifted production to meet surging consumer demand. The economy expanded 9.4 percent in the year, which ended March 31, the biggest gain since 1989 and more than the governmentâs initial estimate of 9.2 percent, the Central Statistical Organization said. Indiaâs economy grew 9.1 percent in the three months to March 31, according to the report, averaging a quarterly pace of 8.8 percent in the last two years compared with 5.7 percent in the 1990s. Manufacturing gained 12.4 percent while mining rose 7.1 percent and electricity output climbed 6.9 percent in the quarter. Agriculture, which accounts for a fifth of the economy, grew 3.8 percent.
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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent -- faster than expected. The reading on gross domestic product, released Wednesday by the Commerce Department