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India’s Economy Expands 4.8%
India's gross domestic product grew at an annualized 4.8% in July-September compared with 4.4% in April-June, according to government figures.
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India's gross domestic product grew at an annualized 4.8% in July-September compared with 4.4% in April-June, according to government figures.
India's economic advisory council, which once expected the country's economy to expand 6.4% in the fiscal quarter ending March 31, earlier revised its forecast downward to 5.3%.
Last quarter's growth was better than economists expected. But it also marked the fourth consecutive quarter of growth below 5%.
Economists see little to suggest further improvement in India's growth rate. They note that the country's interest rates are up, inflation is high, foreign investment is down and the rupee remains about 13% weaker against the U.S. dollar than it was in January.
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