IInnddiiaa rreeccoovv eerrss ffaass tteerr tthhaann iinn 22001122
India’s economy expanded at its fasted pace in more than two years in the AprilJune quarter. Investment activity has gathered pace and the action taken by the new government suggests that growth may be turning around. India’s GDP grew at 5.7% in the first quarter of 2014-15. This was the fastest pace since the fourth quarter of FY2012. The Finance Ministry expects the pace of growth to hasten even further. Investments seem to have rebounded with gross fixed capital formation registering 7% growth in the first quarter, against a 2.8% contraction in the same quarter last year.