India’s economy may expand between 8.25 per cent and 8.75 per cent in the 12 months through March 2010, Finance Minister Pranab Mukherjee said in New Delhi, reiterating a February Finance Ministry forecast. Sectors that are expected to make substantial contribution include automobile, telecom, services, engineering, and heavy engineering.
India’s industrial output increased 16.7 percent in January from a year earlier, after a 17.6 percent advance in December, which was the biggest jump since at least 1994, according to Bloomberg data.
Trade data released last week suggests Indian industrial production may maintain its growth momentum. Exports rose 34.8 percent from a year earlier in February, the fastest pace since August 2008, according to Commerce Ministry data. Imports increased 66.4 percent, the most since September 2008.
