India’s Economy Growth Increase 8.8 Percent
Asia, Business Wednesday, September 1st, 2010
India’s economy growth increase 8.8 percent during second quarterly that end on June 2010. This is the highest quarterly growth during last two years or after economy crisis hit world market in 2008. The strength of domestic economy like manufacture and agriculture succeed increasing the economy growth grade.
This high economy growth supported by manufacture sector like automotive selling increase 12.4 percent and phone network increase 36.7 percent.
According to Sachchidanand Shukla, Enam Securities economist, said that economy growth also supported by consumer’s believing. The increasing of middle class consumer is also pushed by the increasing of salary.
Shukla added that India is not depend on export like China, but about 40 percent industry activities affected by global recession caused of the export weak.
