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Sunday, February 5, 2012




India Briefing is a magazine and daily news service about doing business in India. We cover topics relating to the Indian economy, the market in India, foreign direct investment and Indian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



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Indian Economy Recovers by 6.1 Percent

Sept. 1 – India’s economy grew by 6.1 percent from April to June despite the previous quarter’s 5.8 percent growth and the economic crisis stunting its manufacturing and services sectors.

According to Delhi’s Central Statistical Organization, mining, electricity and financing sectors performed well during the quarter while there was a registered slowdown in  trade, hotels, transport and communication industries. The Hindu reports that manufacturing was down to 3.4 percent from 5.5 percent and agriculture slowed to 2.4 percent from 3 percent compared to last year.

The best performing industries during the quarter was electricity generation and mining, each growing by 6.2 percent and 7.9 percent, respectively and higher than 2008 growth.

The finance, insurance, real estate and business services industry grew by 8.1 percent  from 6.9 percent while construction dipped to 7.1 percent from 8.4 percent. Community services also posted a loss at 6.8 percent growth from 8.2 percent.

The respectable GDP growth aligns with government and Reserve Bank of India forecasts which predict that GDP growth will reach six percent with an upward bias says The Hindu.

This entry was posted in Economy and Politics, FDI and Foreign Trade, Finance, Tax and Accounting, Oil & Petroleum, Retail. Bookmark the permalink.

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