Economics
India’s Economy Probably Expanded Fastest Since 2007
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India’s economy probably grew at the fastest pace in 2 1/2 years, adding pressure on the central bank to raise interest rates even as the global recovery falters.
Gross domestic product rose 8.8 percent in the three months ended June 30 from a year earlier, according to the median of 27 forecasts in a Bloomberg News survey. The statistics office is scheduled to release the data tomorrow at 11 a.m. in New Delhi.