Thursday, December 3, 2009

Indian Shares End Up on Strong GDP Data

This article discusses some of the current trends in India's economy. Economic growth has been stronger than expected. Due to this, confidence has grown, and shares have risen. In fact, GDP in India has grew 7.9% in the last year, due to an increase in manufacturing. A large part of this manufacturing has been in the metals industry. Markets for metals such as aluminum and steel are significantly gaining. Many other indicating factors, such as the number of cellphone subscribers and the strength of banks have also been appreciating. I think this article can help shed light on what is currently happening in India while we are studying the country's economic system.

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