There is some real good news from the Indian economic front. The economy showed a growth rate of 8.6 per cent during the fourth and the last quarter ending March 31, 2010.

This is the fastest that the economy has shown in the past six months time. What is more credible is that the growth happened even with the inflation reaming at the double digit figure of 10 per cent all during this while.

Also as compared to the last year, the performance was good. For the same period last year, the GDP growth stood at 8.6 per cent which was close to the media forecast of 8.7 per cent predicted by a Reuters poll.

For the year 2008-09, India grew by 6.7 per cent and the period for January-march 2009-10 has been calculated on the revised figures of second quarter of 2009-10.

Much of the growth has been possible because of the increase in government spending couple with good performance in the manufacturing as well as the agriculture sector.

But even with this, the figures have not attracted any major policies and changes. Now, the entire burden remains on the upcoming monsoons.