Marketplace Logo Donate

Daily business news and economic stories from Marketplace

India’s economy grows almost 9%

Subscribe to our Newsletters

TEXT OF STORY

BILL RADKE: As the U.S. limps along, here comes a report today that India’s economy grew almost 9 percent this spring — that’s extremely fast.

Here’s the BBC’s Rahul Tandon in Calcutta.


RAHUL TANDON: The 8.8 percent growth rate is evident throughout India. Walk around any city here and you’ll see loads of building and construction.

Vikas Pota advises companies on how to do business in India.

VIKAS POTA: If you’re sitting in the west it’s astronomical, it’s spectacular. But if you look at it from an Indian perspective, it’s to be expected. India’s been growing at this rate or thereabouts for the last five years and I think they’ll be disappointed that they haven’t hit the 9 percent mark.

But with high inflation and rising interest rates, analysts expect the Indian economy to slow down. Many here are also worried about the impact a double dip in the U.S. economy may have. Much of India’s outsourcing revenue comes from the U.S.

In Calcutta, I’m the BBC’s Rahul Tandon for Marketplace.

What's Next

Latest Episodes From Our Shows

Listen
Sep 30, 2022
27:58
Listen
Sep 30, 2022
26:43
Listen
Sep 30, 2022
1:50
Listen
Sep 30, 2022
6:18
Listen
Sep 30, 2022
5:03
Listen
Sep 29, 2022
2:55
Listen
Aug 9, 2022
24:46
Exit mobile version