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Indian economy surges as other big developing market stumble

Related Keywords: Apparel Industries, cities around the country, double or triple capacity, expand their Indian operations, foreign investment, hub of indian yarn, huge factories, Indian economy, Multinational companies, outside investors, rupee surging, spurring business expaniesion, start new ones, Textile Industry, Tiruppur

Multinational companies are looking to expand their Indian operations or start new ones as the stock market and rupee are surging. The growth in India's economy, long a laggard, just matched China's pace in recent months.

India is emerging as one of the few hopes for global growth, as other big developing markets stumble. China's economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

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