IIn­nd­di­iaa rreec­coovv eerrss ffaass tteerr tth­haann iinn 22001122

Financial Mirror (Cyprus) - - FRONT PAGE -

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.

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