Key Points
New Delhi: Indiaseconomyrose 8.4% in the October-December period, the fastest pace seen in six quarters and beating all estimates, partly helped by a surge in manufacturing activity, according to data released by the government on Thursday...
The growth rate was much faster than economists forecasts of 6.6% as seen in a Reuters poll, and higher than revised growth of 8.1% in the previous quarter...
India has been consistently beating market expectations and has been ranked as one of the fastest-growing economies in the world with China struggling to recover and the eurozone narrowly escaping a recession...
The manufacturing sector, which for the past decade has accounted for just 17% of Asias third-largesteconomy, expanded 11.6% year-on-year in the December quarter, compared with a revised 14.4% in the previous three months...
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