印度

Forecasts shattered by India's 7.9% spurt of growth

Strong manufacturing and services helped India's economy shatter growth forecasts in the three months to the end of September, raising the prospect of an early rise in interest rates.

The economy grew by 7.9 per cent year-on-year, according to official figures released yesterday, well above expectations of 6.3 per cent.

The robust performance was driven by the government's fiscal stimulus measures to counter the effects of the global financial crisis.

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