India

17 Sep 2007

GDP expanded by 9.3% in the 2nd quarter of 2007. A few forecasters are expecting to see GDP growth to slow through to 2008. The consensus forecast for the rest of 2007 (8.3%) is below 9.0% and for 2008, it averages around 8.0%. Unemployment is still high at 7.6% (2006 data), whereas the latest consumer price data indicates headline inflation of 6.5% in the year to July 2007, after a slightly »»