India's economy is forecast to grow 8.7 percent

Indian shopkeepers wait for customers at a wholesale vegetable and fruit market in New Delhi on February 9, 2008. The wide gap between government inflation figures and consumer anecdotes comes amid an unprecedented economic boom in India. India's economy is forecast to grow 8.7 percent in the year ending March, a slowdown from a torrid 9.6 percent rate for the previous year. Rising incomes have created a surge in demand for food supplies in ways that are new even as almost two-thirds of the country lives on less than a dollar a day.