India is HOT; Exceeds Expectations

Emergic  quotes from WSJ article about India's strong performance, that exceeded analyst's expectations.

WSJ writes:


India's surprisingly strong quarterly expansion has economists raising short-term growth forecasts but worrying that inflation and interest rates could rise and crimp growth in the longer term.

In the three months ended Sept. 30, gross domestic product rose 9.2% from a year earlier, the government's Central Statistical Organization said. The robust growth, powered by strong spending by Indian consumers and corporations, topped the 8.4% expansion in the same quarter of 2005 and was above analysts' expectations of GDP growth of 8.9%.
...
The unexpectedly strong performance gives some economists jitters. While few say India's economy is overheating, they caution that the faster expansion means politicians and financial regulators must keep a closer watch on the potentially negative side effects of increasing affluence.

Source: Emergic: December 2, 2006 Archives

Technorati tags: , , ,

Comments

Popular posts from this blog

Newsworthy News in Red October : Dow Jones & Tax Dodgers

USCIS Selects Final H1B Petitions by Random Selection - Almost a 50% chance for each Application

H1B 2008:USCIS released Preliminary Numbers