The Indian economy grew faster than expected in the first part of 2005. The rise was due to a sharp rise in industrial exports and buoyant domestic demand.
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India’s economy grew 8.1% in the three months to June, well ahead of the 7% rise seen in the previous quarter.
Rapid growth in manufacturing and business services, such as outsourcing, offset a small rise in agriculture.
India’s huge industrial capacity and growing affluence have made it one of the world’s fastest-growing economies.
