India Posts 5.8% Quarterly GDP Growth Article
NEW DELHI -- The Indian economy expanded 5.8% from a year earlier in the January-March quarter with social spending and financial services the biggest growth drivers, data issued by the Central Statistical Organisation Friday showed.
The growth was stronger than the 5.3% expansion in the previous quarter and the median forecast for a 5.0% increase in a Dow Jones Newswires poll of 11 economists.
Gross domestic product in the three months ended March 31 was lower than the 8.6% growth posted in the same quarter a year earlier.
NEW DELHI -- The Indian economy expanded 5.8% from a year earlier in the January-March quarter with social spending and financial services the biggest growth drivers, data issued by the Central Statistical Organisation Friday showed.
The growth was stronger than the 5.3% expansion in the previous quarter and the median forecast for a 5.0% increase in a Dow Jones Newswires poll of 11 economists.
Gross domestic product in the three months ended March 31 was lower than the 8.6% growth posted in the same quarter a year earlier.
