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Mon 1 Sep 2014 12:06 PM

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India's economy grows 5.7 percent

Indian Finance Minister Arun Jaitley says that India's fastest growth in over two years shows the economy is recovering, which will help the government meet its ambitious fiscal deficit target.

India's economy grows 5.7 percent
Indian Finance Minister Arun Jaitley (L) gestures as he talks at a press conference alongside Minister of Staff for Finance Nirmala Sitaraman in New Delhi on August 30, 2014. India's fastest growth in over two years shows the economy is recovering, Finance Minister Arun Jaitley said on August 30, 2014, adding the robust expansion would help the government meet its ambitious fiscal deficit target. India's economy grew by a forecast-beating 5.7 percent in the first financial quarter, its best pace since early 2012, according to official data August 29, as the election win of the Bharatiya Janata Party in May spurred business confidence. (AFP/Getty Images)
India's economy grows 5.7 percent
Indian Finance Minister Arun Jaitley talks at a press conference in New Delhi on August 30, 2014. India's fastest growth in over two years shows the economy is recovering, Finance Minister Arun Jaitley said on August 30, 2014, adding the robust expansion would help the government meet its ambitious fiscal deficit target. India's economy grew by a forecast-beating 5.7 percent in the first financial quarter, its best pace since early 2012, according to official data August 29, as the election win of the Bharatiya Janata Party in May spurred business confidence. (AFP/Getty Images)
India's economy grows 5.7 percent
Indian key maker Pawan crafts a duplicate key at a roadside stall in Amritsar on August 31, 2014. Pawan earns 200-300 INR (3.30-4.95 USD) per day. India's wholesale price inflation hit a five-month low in July, data showed August 14, 2014, but steep retail price growth means the central bank is unlikely to cut benchmark interest rates soon. (AFP/Getty Images)
India's economy grows 5.7 percent
Indian key maker Pawan crafts a duplicate key at a roadside stall in Amritsar on August 31, 2014. Pawan earns 200-300 INR (3.30-4.95 USD) per day. India's wholesale price inflation hit a five-month low in July, data showed August 14, 2014, but steep retail price growth means the central bank is unlikely to cut benchmark interest rates soon. (AFP/Getty Images)
India's economy grows 5.7 percent
A Kashmiri farmer carries grass from a rice field to feed cattle on the outskirts of Srinagar on August 28, 2014.Agriculture and horticulture are the main sources of income for Kashmiris since tourism, once the second major source of income, declined following the Kashmiri separatist movement's uprising in 1989. India is the second largest producer of rice in the world after China. Rice is grown on about one-fourth of the total cropped area and provides food to about half of the countrys population. (AFP/Getty Images)
India's economy grows 5.7 percent
A Kashmiri woman carries grass from a rice field to feed cattle in the outskirts of Srinagar on August 28,2014. Agriculture and horticulture are the main sources of income for Kashmiris since tourism, once the second major source of income, declined following the Kashmiri separatist movement's uprising in 1989. India is the second largest producer of rice in the world after China. Rice is grown on about one-fourth of the total cropped area and provides food to about half of the countrys populatio. (AFP/Getty Images)
India's economy grows 5.7 percent
An Indian worker polishes a sword at a workshop in Amritsar on August 28, 2014. Swords play an important role in Sikhism, with the religion's faithful expected to carry swords or smaller versions known as 'kirpan' as a means of self-defence and to protect the oppressed. (AFP/Getty Images)
India's economy grows 5.7 percent
Indian roadside vegetable sellers rest and wait for customers in Amritsar on August 27, 2014. India's wholesale price inflation hit a five-month low in July, data showed August 14, but steep retail price growth means the central bank is unlikely to cut benchmark interest rates soon. (AFP/Getty Images)
India's economy grows 5.7 percent
An Indian horse cart driver transports empty plastic drums in Amritsar on August 27, 2014. India's wholesale price inflation hit a five-month low in July, data showed August 14, but steep retail price growth means the central bank is unlikely to cut benchmark interest rates soon. (AFP/Getty Images)