Indias economy grew faster than estimated last quarter, maintaining pressure on the central bank to extend its record interest-rate increases even as the global recovery weakens. Stocks, bond yields and the rupee advanced. Gross domestic product rose 7.7 percent in the three months ended June 30 from a year earlier, the Central Statistical Office said in New Delhi today. That compares with a 7.8 percent climb in the previous three months. The median of 26 predictions in a Bloomberg News survey was for a 7.6 percent gain. Indias consumption has remained strong because of higher salaries and inflation may remain stubborn in the near term, the Reserve Bank of India said last week. By contrast, growth has cooled in other Asian nations such as Taiwan, South Korea and Malaysia as a faltering U. S. recovery and Europes debt crisis curb demand for the regions exports.
Question: Every participant in the Bloomberg News surveys was accurate to within a 0.1 percent range.
Options:
A. true, B. false, C. uncertain
Answer: C