Thursday, June 01, 2006

India's Economic Strength Growing

Much anticipated first quarter results about India's economic growth has been released. Results confirming the wonderfull future for India as whole and for each of its citizens. Read the following news snippet,

"India is closing in on the economic growth rates of more than 10 percent that China has enjoyed, according to government data released Wednesday, showing a 9.3 percent expansion in the first quarter.

The Indian economy grew unexpectedly at its fastest pace in more than two years, according to the year-on- year data for the first three months, as the pace of agricultural expansion nearly doubled to 5.5 percent from 2.9 percent a year earlier."

Main catalyst for this growth - Agriculture: 5.5%

Note: two- thirds of Indians earning their penny out of this agriculture and its related areas.

So next short term stopover plan:
Agriculture must grow at 4, services at 12, manufacturing at 12, in order to achieve 10 percent growth.

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