In the second quarter, India's GDP grew 8.8 percent, the highest for almost three years, thanks to the increasing internal demand, which offset falling exports.
India's central bank announced that it has tightened monetary policy because inflation is clearly growing. Since January, it is persistently high, and now reaches 10 percent.
The Indian companies like TVS Motor, the country's largest motorcycle manufacturer is unable to keep pace with demand. So does the car manufacturers, Volkswagen and Hyundai, which were forced to introduce waiting lists for cars.
Three fifths of 1.2 billion people in India still lives in the countryside. According to the Ministry of Agriculture, this year's harvest in India will be a record.
Also rapidly increasing earnings of the Indians. At this year their growth is estimated at 10.6 percent.
Meanwhile, Poland's GDP grew 3.5% year-on-year in Q2 2010. The GDP growth is greater than expected mainly because of consumption.
sources: http://www.rp.pl/artykul/19420 0.529069-Economy-India-on-full-gear. html; http://www.warsawvoice.pl/WVpage/pages/article.php/13739/news
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