India's GDP expanded 5.8 percent in the three months to March 31, beating expectations by 0.8%....

|By:, SA News Editor
India's GDP expanded 5.8 percent in the three months to March 31, beating expectations by 0.8%. Investors are optimistic that interest-rate cuts and fiscal stimulus worth 7 percent of gross domestic product have helped shield India from the worldwide economic slump. BSE closed +2.3%.