Posted on 02 Jun 2010
India's economy grew 7.4% in year to March
India says a manufacturing rebound drove economic growth to 7.4 percent in the year that ended in March, beating a government forecast of 7.2 percent growth.
Growth for the last quarter of the financial year was 8.6 percent, near pre-crisis levels and its best in eight quarters.
From 2003-2008, economic growth averaged 8.8 percent a year, before slumping to 6.7 percent last fiscal year as the Great Recession roiled India's economy.
India's Prime Minister Manmohan Singh says the billion-plus nation needs to grow at 10 percent a year to eradicate chronic poverty.
