News

India`s growth beats expectations

13/12/2002

India's gross domestic product (GDP) grew by a better-than-expected 6% in the first quarter of 2002-03, but analysts believe growth in coming quarters could be hit by the worst drought in 15 years. The Indian economy, the world's 12th-largest, started emerging from a slowdown earlier this year and a series of data in recent months has pointed to recovery gathering pace. The figures for the first quarter to June put the Indian economy among the fastest-growing in the world and beat economists' forecasts.

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