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

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