India's growth hits two year high | The Daily Star
08:55 PM, August 30, 2014 / LAST MODIFIED: 01:53 AM, March 08, 2015

India's growth hits two year high

India's growth hits two year high

A labourer works at the construction site of a residential complex in Kolkata August 29, 2014. Photo: Reuters
A labourer works at the construction site of a residential complex in Kolkata August 29, 2014. Photo: Reuters

India's economy grew by 5.7 percent in the three months to June, its fastest pace in two-and-a-half years, according to an official estimate.

The economy was helped by strong growth in electricity, gas and water supply, and financial services, the Ministry of Statistics said.

The growth figure was higher than analysts had been expecting.

India's new government has launched policies designed to encourage business investment, including changes to tax.

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