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Indian economy continues to power ahead

In direct contrast to the worldwide economy as a whole it has been revealed that while growth in the Indian economy has slowed it is still far higher than many had expected. The first three months of 2009, compared to the same period last, confirmed the Indian economy grew by 5.8% although this was down from the 8.6% annual growth seen in the first quarter of 2008.

When you also consider that the economy grew by an impressive 6.7% in the full calendar year 2008 many believe that the Indian economy is still one of the leading economies in the world at the moment. Forecasts of a significant collapse in the Indian economy appear to have been very wide of the mark and while the US, UK and other prominent economies continue to struggle India is still very much moving ahead.

This is a country which has been leading the worldwide economy over the last few years after an about turn and significant investment by overseas companies. Many companies still continue to jockey for position in various growth sectors in India, injecting significant competition into the country and economy as a whole. When you also take into account the relatively high returns enjoyed by the wealthiest of society in India, over the last two years, the situation may not be as bad as some may have you believe.

However, on the downside there are still massive differences between the haves and the have-nots in India with the poor still struggling and the rich still very prosperous.

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