Congratulations India
I read yesterday in the AWSJ that India's economy grew 10.4% from a year earlier in the quarter ending December 2003.
This is faster than the red hot growth of China, probably making it the fastest growing economy in the world, or, at least in Asia. The growth came through a continued surge in agriculture. While we are not necessarily a fan of supporting agriculture to sustain growth - the terms of trade just doesn't make it in the long run - this is good news for the country, where the majority of people still depend on agriculture and poverty level are high.
So keep it going, India!
(By Asia Business Consulting)
This is faster than the red hot growth of China, probably making it the fastest growing economy in the world, or, at least in Asia. The growth came through a continued surge in agriculture. While we are not necessarily a fan of supporting agriculture to sustain growth - the terms of trade just doesn't make it in the long run - this is good news for the country, where the majority of people still depend on agriculture and poverty level are high.
So keep it going, India!
(By Asia Business Consulting)
posted by Andreas @ 1:52 pm
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