MW: India Q4 GDP grows at a better-than-expected 5.8%
India's economy expanded at a faster-than-expected pace of 5.8% in the quarter ended March 31 from the year-ago period, according to data released Friday. The growth was stronger than the 5% expansion estimated in a survey by FactSet Research, and matches the 5.8% upwardly revised growth in the October-December quarter. But it was a marked slowdown from the 8.6% increase in the same quarter a year earlier. The data boosted Indian shares in Mumbai morning trading, with the 30-stock Sensex climbing 1.8% to 14,555.72.
