Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  12.4.2013 14:09:54

India - industry unexpectedly grew in February

Industrial production in India in February rose by 0.6% compared to growth of 2.4% in January. Market counted with a decline of 1.3%.
The Indian government is trying to encourage economic growth, despite the negative trend of rising inflation and despite record deficit of the current account balance.

It is estimated that GDP in fiscal 2013 ending in March 2013 will grow by 5%, which will be the worst result since 2003. The Indian Ministry of Finance for fiscal year 2014, estimated GDP growth of between 6.1 to 6.7%.
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