Indian Economy Indicators This Week, Food Inflation @10.86%

India Economy has been compared with the ChinaEconomy and the conclusion is clear. The Chinese economy is very strong and having double digit GDP for the around three years. This could be concern for investors, the growth rate of China can affect the Indian economy? Not clear yet. This week's economic indicators are suggesting good sign of growth of India economy.

The Q1FY11 GDP of India came at 8.8%, which is expected as good sign for the economies like India. The index of manufacturing PMI slipped marginally to 57.2 for August. But the big concern for the Indian Economy would be the trade deficit, which down to US$12.93 billion in July 2010.

Inflation is one of the major concerns for India economy as the people have been paying more the same amount of good and services, of late. The food inflation rose again to 10.86% at the end of August 2010 month. Previous week the food inflation was at 10.05%.