India’s Economy Growing at 8.8%

During the second quarter of the year, India’s economy grew by 8.8 percent over the same time period last year. This is the best single-quarter result in over two years for the world’s second-fastest growing economy. An increase in manufacturing and mining helped propel the economy with gains of 12 and 9 percent respectively.

The other area of growth that has potential to carry the economy for years to come is domestic sales. A growing consumer class, aided by an increase in employment particularly in well-paying high-tech jobs, has resulted in an increase in disposable income for a growing number of workers.

Source: BBC News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.