Report: 7 Percent Growth Seen in India

India’s economy is likely to grow by 7.2 percent in the current fiscal year despite rising world oil prices and U.S. interest rate hikes, a private industry report said Sunday.

Growth of more than 7 percent in 2005-06 would make India the world’s second-fastest growing economy, after China, for the second consecutive year. Last year, India’s economy expanded at 8.5 percent, its highest in 15 years
MSN Money