India’s GDP Up 8.9% y/y

India’s economy grew faster than expected in the second quarter of its financial year, figures show. In the three months to September, GDP was up 8.9% from the same period last year. However, inflation remains a real concern for authorities with new figures showing prices rising by 9.7% in October. The GDP growth rate during the period positions India as the second fastest growing large economy in the world after China, which posted a growth of 9.6% in the September quarter. – BBC

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