India enjoys burgeoning economy

30-11-2006

India enjoys burgeoning economy
Economic growth in India has outstripped expectations, increasing by over nine per cent in the period from July to September 2006.

Indian GDP grew by 9.2 per cent in the year up to the second quarter, with the south Asian country's economy increasing by 9.1 per cent in the first half of the financial year, marking the highest level since 1992.

The strong economic growth has been put down to notable gains in manufacturing output. Figures show that manufacturing is accountable for 17 per cent of its GDP.

Output rose by 11.9 per cent from July to September this year compared to 8.1 per cent during the same period in 2005.

Conversely, growth in India's agricultural sector has seen a decline, slowing to 1.7 per cent in the second quarter compared to four per cent in 2005. Power, gas and water industries saw growth of 7.7 per cent.

India is currently the fourth biggest economy in Asia. The economy has grown at an average rate of eight per cent over the previous three financial years.


Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure