India has reported Economy growth of 7.4% in the second quarter of this Financial Year. This makes India the fastest growing large economy in the world, outsmarting the economy growth of China.
The boost in growth came mainly from manufacturing and services, the field where the country has been lagging for all these years. The performance of the farming sector has not performed as per expectations though. If India can improve that area, China can no longer compete with India.
India’s economy growth of 7.4% in this quarter was slightly ahead of the expectations of the analysts. 7% growth was observed in the previous quarter, as per statistics revealed by finance ministry.
