a good investment opportunity
Posted on 09/28/2022 4:49:46 AM PDT by Cronos
India’s economy grew by 13.5 percent in the April-June quarter from a year earlier, the fastest pace in a year, amid fears of growth sharply slowing this quarter and the next two as higher interest rates hit activity.
The jump came on the back of a boost in agriculture and manufacturing as pandemic curbs eased, official data released on Wednesday showed.
Economists in a Reuters poll had forecast gross domestic product in Asia’s third-largest economy would grow 15.2 percent year-on-year in the April-June quarter, compared with 4.1 percent in the previous quarter.
The apparent big jump in growth, which is lower than the 20.1 percent annual growth registered in the same quarter the previous year, is because of the low base of the previous quarter and economists have cautioned that the growth this quarter may be followed by a slowdown.
“Going forward, with the global headwinds, India’s external sector would face a challenging time,” Rajani Sinha, chief economist at CARE Ratings said in a note emailed to Al Jazeera.
“It will be critical for domestic consumption and investment to gather momentum. The consumption demand revival has been uneven so far with weak rural demand. While lowering of inflation will provide support to overall consumption spending, uneven monsoon will play a spoiler for rural demand,” she said.
...Despite the revision, India would still be among the fastest-growing major economies in the world.
(Excerpt) Read more at aljazeera.com ...
a good investment opportunity
Amazing things happen when your country has a secure and stable supply of oil and natural gas.
I’ll trade our DC government for India’s.
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That's why it was so fast to snap up Russian oil at a very high discount (it doesn't buy much gas)
India needs to veer more towards solar, wind and nuclear -- with its many days of sunshine and strong winds in the many mountain ranges, it can have energy independence (partial) by tapping into what it has
Solar and wind are crap. They only make some sense where you aren’t on a grid.
Nuclear.
It also helps that they’re not China but have workers who will work just as cheaply.
Apple just announced they’re making the latest iPhone in India—not the PRC.
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