India's economy grows 5.7% in first quarter, highest in 2 years
Reserve Bank of India
New Delhi - AFP
India's economy grew by 5.7 percent in the first financial quarter, its fastest pace in over two years, data released Friday showed, as the election of a new right-wing government spurred investor confidence.
The economy's strong expansion in the three months to June beat the consensus market forecast of 5.5 percent growth and marked the clearest sign yet that Asia's third-largest economy is accelerating out of a long slowdown, economists said.
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