Indian Economy is On the RiseTuesday, June 1, 2010 7:27
According to the official data, India’s economy annual growth rate was 8.6% due to growth in the sphere of manufacture.
Interest rates were raised in the past two months as the country is suffering high inflation.
As for the level of the national economy, it grew by 7.4% in March, while the forecast was at 7.2%.
On the other hand, some financial analysts warn that debt problems in Europe can result in weak trade and lost consumer confidence.