On Monday, the Indian government reported that the country's GDP expanded at 7.9%year-over-year in the quarter ending in September, a sharp pickup from the 6.1% gain in the prior quarter. The growth easily beat analyst estimates of a 6.3% gain and led to a strong rally on Mumbai's benchmark Sensex index on an otherwise rough day for global markets.
Monday, November 30, 2009
As growth surges, should investors bet on India?
As India's economy picks up steam, investors looking for fast growth but wary of lax government policies should take a close look. India could be poised to make headway for years to come.
On Monday, the Indian government reported that the country's GDP expanded at 7.9%year-over-year in the quarter ending in September, a sharp pickup from the 6.1% gain in the prior quarter. The growth easily beat analyst estimates of a 6.3% gain and led to a strong rally on Mumbai's benchmark Sensex index on an otherwise rough day for global markets.
On Monday, the Indian government reported that the country's GDP expanded at 7.9%year-over-year in the quarter ending in September, a sharp pickup from the 6.1% gain in the prior quarter. The growth easily beat analyst estimates of a 6.3% gain and led to a strong rally on Mumbai's benchmark Sensex index on an otherwise rough day for global markets.
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