India’s economy growth 9.3 %

India’s economy expanded by a faster than expected 9.3% first fiscal quarter 2007(Apr-june). This is because of the growth of manufacturing output and services.

India’s GDP grew 9.4 % in the fiscal year ended in March, India’s strongest annual growth in 18 years.The rupee rose about 7 % during the April-June quarter,a nine-year high.

Finance Minister said he is hopeful that India’s economy will grow close to 9 % for the full fiscal year, making India the fastest growing economy after China.

 

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