Stormagtens økonomi vokser hurtigere end ventet i år efter at være ramt af svigt i vigtige sektorer som industriel fremstilling, hvilket har medført en stribe af dårligdomme, herunder en nedgang i rupeens kurs overfor den amerikanske dollar på 13 procent.
India’s economic growth rate picked up strongly in the second quarter, according to official figures. The economy expanded at an annual rate of 4,8 per cent in the July-to-September period, up from 4.4 per cent in the previous quarter, BBC online writes Friday
Asia’s third-largest economy has been weighed down by various factors, such as high inflation, a weak currency and a drop in foreign investment.
This is the fourth quarter in a row that India’s annual growth rate has been below the five per cent mark, and the previous quarter’s rate of 4,4 per cent was the lowest for four years.
The Indian prime minister’s economic advisory council now expects the economy to expand by 5,3 per cent this year, down from its earlier projection of 6,4 per cent.
India’s economy has been hurt by a range of factors in recent months, including a slowdown in key sectors such as mining and manufacturing.
Slowing growth, coupled with a recovery in developed markets, such as the US, has made India a less attractive option for foreign investors.
The falling rupee has made imports more expensive and contributed to a high rate of consumer inflation, which was 10,1 per cent in October, up from 9,84 percent in September.
