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first_img Show Comments ▼ Tuesday 30 November 2010 8:15 pm INDIAN growth continues to surpass expectations, it was shown yesterday.The economy expanded by 8.9 per cent in the three months to September, compared to the same time the previous year. The boom surpassed an expected rise of 8.2 per cent, said economists. And growth for the previous quarter was also revised up to 8.9 per cent. Growth in excess of eight per cent has been recorded for the whole of 2010.Yet like neighbouring China, India is suffering from inflation, and the results increase the risk of further monetary tightening.Wholesale inflation was recorded at 8.58 per cent in October, while consumer prices inflation (CPI) is running closer to 10 per cent.On 2 November the Reserve Bank of India (RBI) increased the repo rate and reverse repo rate (at which the RBI borrows from banks) to 6.25 per cent and 5.25 per cent respectively.India’s growth rates will stay high, and applying the brakes on inflation will remain the government’s “top policy priority,” said Vishnu Varathan of Capital Economics, “We continue to anticipate that the repo rate will be lifted by another 0.25 per cent in March 2011 and then by another 0.5 per cent by the end of 2011,” he said. Indian GDP surges upwards whatsapp KCS-content center_img whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Tags: NULLlast_img read more