Indian economy grows faster than expected

India's economy grew at a much faster pace than anticipated in the second quarter of the current fiscal year, prompting a recovery in the stock market and lifting hopes of meeting the Government's annual target of 8.75%. India's economy expanded by an impressive 8.9% in the July to September quarter as against 8.7% in the same period of the previous fiscal year, the Commerce & Industry Ministry said. Meanwhile, the GDP figure for the April to June 2010-11 period was revised to 8.9% versus a preliminary estimate of 8.8%. The consensus estimate was for a GDP growth of 8.2-8.3% in the second quarter of FY11 with the broad range of 8-8.5%.

Jindal Steel Power,BHEL, HDFC, Maruti Suzuki, PNB, Pantaloon, HPCL, Jet Airways, Sobha Developers, OBC, JK Bank, Jagran Prakashan, Jyoti Structures,

Jindal Steel Power,BHEL, HDFC, Maruti Suzuki, PNB, Pantaloon, HPCL, Jet Airways, Sobha Developers, OBC, JK Bank, Jagran Prakashan, Jyoti Structures, RPL, IOB, Banking, Economy

Strategy, Cairn India, Economy

Strategy, Cairn India, Economy