India to achieve 9.2 pc growth

MUMBAI: India is expected to confirm on Thursday that its economy expanded at a record 9.2 percent in the past financial year despite tighter monetary policy by the central bank to cool inflation, analysts say.

Analysts predict the nation could even show a gain as high as 9.4 percent for the year ended March as companies continued high production, more work was outsourced to India and farmers recovered from poor rains a year earlier.

"Strong industry and services has aided growth. Farm production possibly was also relatively strong," said Manika Premsingh, an economist with brokerage Edelweiss Capital.

(AFP)