Indian Shares

India's economy is growing faster than expected, according to official data, on the back of steady farm growth and strong manufacturing and services. Gross Domestic Product (GDP) grew 9.3% in the April to June quarter from its level a year earlier.

The figure, from the Ministry of Statistics, had been expected to fall to 8.9% from the 9.1% recorded in the quarter between January and March. The central bank expects growth of 8.5% for the whole of this year.