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| India growth rate rises to 8.8% | India growth rate rises to 8.8% |
| (30 minutes later) | |
| India's economy grew at its fastest rate for more than two years in the last quarter, according to official data. | India's economy grew at its fastest rate for more than two years in the last quarter, according to official data. |
| In the three months to June, GDP was up 8.8% compared with the same period last year. | In the three months to June, GDP was up 8.8% compared with the same period last year. |
| Although only the 11th biggest economy in the world, India is the second fastest-growing, behind China. | Although only the 11th biggest economy in the world, India is the second fastest-growing, behind China. |
| Strong industrial and mining output helped boost the growth rate, India's statistics agency said. | |
| Industrial output rose more than 12%, while mining and quarrying jumped nearly 9%. | |
| Agriculture saw a 2.8% rise. | |
| In July, India's central bank said it expected annual growth for the current financial year to come in at about 8.5%. | |
| But the bank has also said bringing down inflation remains a priority. | |
| The inflation rate topped 11% last month and the strong performance in the economy is expected to encourage policymakers to continue raising interest rates. |