Tue, 10 Jul 2012 09:54:54 GMT
India's growth forecast upgraded from zero to 4.8% for 2012
Economists changed forecasts about
India from 0% growth to 4.8% expansion this year. Such change was determined by
Industrial Production index that rose from 0.1% in April to 1.8% in
the beginning of July. Infrastructure sector also recovered slightly, with its output growing by 3.8% in May on an annual basis. However, eight
core industries faced contraction. Though the economy growth is still
below average