India: Chemicals Outperform

India’s strong economic development is expected to continue in 2011, with GDP growth of 8.7% anticipated in the fiscal year beginning April 1, 2011, compared with growth of 8.5% in the year ending March 31, 2011, the Asian Development Bank (ADB; Manila) says. The economy is being supported by robust investment, increased capital inflows, and stronger industrial output buoyed by rising consumer demand, ADB says. Persistent high inflation and the rising value of the Indian currency could undermine future growth, however, ADB adds. ADB says that strong, well-timed...

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