|The economy of India is creating millions of new jobs and lifting people out of poverty and into the middle class. Here in the United States Comrade Obama has never held a real job for real pay in his entire life. He is clueless what to do.|
India's economy "slows" to a staggering 7.7% growth rate, while the US is in a Great Depression
That great sucking sound you hear is the Democrats trying to pull their heads out of the asses.
In all of history only in the old Soviet Communist Empire could you find politicians so clueless on how to create jobs, grow an economy and create wealth. One has to conclude that Democrats, as a national policy, want to destroy the American economy.
India's economy grew 7.7% in the three months from April to June, compared with the same period of 2010.It was India's weakest growth for six quarters, but still better than had been expected.
The gross domestic product (GDP) growth figure from the finance ministry compares with the annual rate of 7.8% in the first three months of the year.
The slowdown is expected to continue as India's central bank continues to raise interest rates to control inflation, says the BBC.
|The economy of India grows while|
American Socialists stop growth.
"The latest growth number reinforces the view that although growth is slowing down, it is not collapsing as feared by some," said Ashutosh Datar, economist at IIFL in Mumbai.
Indian Finance Minister Pranab Mukherjee said he had been expecting a higher growth rate, but that given the muted recovery in the US and Europe, the figures were "not that much disappointing".
Construction grew at an annual rate of 1.2% in the second quarter, down from 8.2% in the previous quarter, as rising interest rates and delays in planning approvals held up building projects.
Farm output rose 3.9%, which was down from the previous quarter but above the level of 2.4% in the same period last year.
The manufacturing sector grew 7.2%, an improvement from the previous quarter, but well below the 10.6% in the second quarter of 2010.
"The acceleration in trade-exposed manufacturing is encouraging, as is the steady, strong expansion in financial services," said Sean Callow, senior currency strategist at Westpac Institutional Bank in Sydney.
"The slowdown in construction is less pleasing at face value, but overall this robust report should leave RBI on track for one more 25-basis-point hike this year."
|The economy of India grows and grows creating millions of jobs. While back|
here in the USA the Socialists work overtime to close down American companies through insane regulations and taxes.
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