India Now Fastest Growing Large Economy At 7.4% Third Quarter GDP Growth

, Economics

India Now Fastest Growing Large Economy At 7.4% Third Quarter GDP Growth

India has reported that its economy grew at 7.4% in the third quarter. This makes it the fastest growing large economy on the planet: and more importantly to the Indian government, this means it is growing faster than the economy of China, their stated aim. The boost in growth came largely from manufacturing and services, an area where the country lags. The performance of the farming sector is still holding the country back though: that’s an area which will need much more reform if India is to match Chinese performance in the medium term:

Read more here: http://goo.gl/jMIYIz

AD1 (2)

Leave a Reply