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Saturday, May 30, 2009

Indian growth unexpectedly strong

India's economy grew 5.8% in the first three months of the year compared with the same period last year, which was better than had been expected.The official gross domestic product figure was down from 8.6% annual growth seen in the first quarter of 2008.Although growth has slowed from last year, the economy is still expanding faster than most other countries.It grew 6.7% in the full financial year, which was down from a rate of 9% in the year to the end of March 2008.

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