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India%27s+economy+grows+5.7%25+in+Q1%2C+highest+in+2+years
Saturday, 30 August 2014 - 19:54
India's economy grows 5.7% in Q1, highest in 2 years
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India said its economy grew by 5.7 per cent in the first financial quarter, its fastest pace in over two years, as the election of a new right-wing government spurred business confidence.

The economy's strong expansion in the three months to June beat a consensus market forecast of 5.5-per cent growth and marked the clearest sign yet that Asia's third-largest economy is accelerating out of a long slowdown, economists said.

Manufacturing output grew by 3.5 per cent in the first quarter from a year ago while farm production rose by 3.8 per cent.
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