GDP growth at 5.5%

Indian economy expanded more than estimated at 5.5% pace on year in Q2, after 5.3% expansion reported in the preceding quarter, but prospects of growth are worrisome as manufacturing activity remains weak.

Growth in Asia's third-largest economy has slowed sharply over the past year due to weak industrial activity dragged by high interest rates. Economists expected a 5.2% - 5.3% growth.

Read lot more in Rubber4U – 1st September 2012 issue