India expects 9.2% growth
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India's economy is set to grow by 9.2% in the current financial year, the Indian government says.
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Nokia (NOK1V.HE) expects India to become  its second-largest market by volume by 2010, or even sooner,  the world's top cell phone maker said on Monday.
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The U.S. economy grew at a 2.9   percent annual pace in the second quarter, faster than   originally reported but less of an upward revision than   expected, as higher business investment offset a drop in   residential construction, a Commerce Department report showed   on Wednesday.
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InfoWorld - New research has confirmed that India&#39;s mobile phone market is set for a period of fast growth, with revenue from cellular services expected to jump by more than 18 percent each year for the next five years.
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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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Prime Minister Manmohan Singh said India's economy would grow by 7.5 percent annually over the next decade and could be one of the world's biggest economies in the next generation.
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India's industrial production growth slowed to a 6.2 percent pace in October, its lowest growth rate in 10 months, the government said Tuesday.
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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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India's economy grew at a faster-than-expected annual rate of 9.3% in the second quarter,  official figures say.
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India's economy beats expectations in the second quarter, with services leading the way.
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China's finance minister said economic growth of 9 percent this year would be acceptable, state television reported Wednesday, in the first acknowledgment by a senior official that growth might exceed the government's target of 7 percent.
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India's economy grows by more than 7% in the first quarter of the financial year - the results are better than expected.
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India sharply raised its full-year growth forecast to 9.2 percent from an estimate of above eight percent at the start of the year on a surge in demand for services and manufactured goods.
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NEW DELHI - India, home to the second largest number of people living with HIV /AIDS, expects its growth rate in new infections to stabilise by 2007, the country&#39;s top official dealing with the deadly disease said on Thursday.
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China&#39;s economy was expected to grow by about nine percent this year, a senior official with the State Development and Reform Commission was quoted as saying by the Beijing News on Saturday.
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Singapore may post double-digit economic growth this year, above the official forecast of 8.0-9.0 percent, Manpower Minister Ng Eng Hen said.
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(InfoWorld) - Indiaâs business providing software and services to companies outside its borders will grow a healthy 26 to 29 percent this year, the country's main trade association for that sector said Monday. Revenue from exports of software, services and business process outsourcing (BPO) will reach about $40 billion for the fiscal year that ends next March 31, according to data released Monday by the National Association of Software and Services Company (NASSCOM). Export revenue from these sectorsÂ grew 33 percent to $31.3 billionÂ in the fiscal year to March 31,Â according to data released by the trade body. The strong growth in software and services exports is coming from an improvement in India's competitiveness, and the addition of new services, such as remote infrastructure management, by Indian service providers, Kiran Karnik, president of NASSCOM told reporters in Bangalore on Monday. The revenue figure also includes exports to their parent companies and clients by Indian subsidiaries of multinational companies such as IBM, Oracle, and Accenture, that are expanding fast in India. Indiaâs overall IT industry grew by 30.7 percent in the year to March 31 to earn revenue of $39.6 billion, with the domestic market also growing by 22 percent to $8.2 billion, NASSCOM said. Many multinational companies including Hewlett-Packard and IBM have bagged outsourcing contracts from Indian companies. The Indian IT industry employed about 1.6 million staff as of March 31, besides about 6 million indirect staff employed in supporting the large offshore software development and BPO operations in India, Karnik said. About 1.2 million people are employed in developing software and running back office processes and call centers for customers abroad. The U.S. continues to be the largest market for Indian exports, accounting for 66 percent of revenue, Karnik said. Indiaâs IT industry is facing high staff attrition and salary increases, but that will not slow down growth, Karnik said. In the short term, NASSCOM, of Delhi, is helping set up finishing schools that will make more Indian graduates employable by the IT and the BPO industry, he said. In the long-term, though, NASSCOM is counting on more investments by government and industry in the education sector, he added. The IT industry in India is also grappling with the strengthening of the Indian Rupee against the US dollar, which pushes down realization in Rupees of revenue earned abroad by Indian companies. In the year to March 31, exports of IT services grew by 35.5 percent to $18 billion, while exports of BPO services grew 33.5 percent to $8.4 billion. Revenue from exports of engineering services, a classification that deals with non-electronic design services, grew by 23 percent to $4.9 billion.