Brazil’s economy much better than expected, India’s economy weaker

Brazil's overall economy expanded by 3.3% year-on-year in the 2nd quarter , as outlined by official latest government statistics .

The Instituto Brasileiro de Geografia e Estatistica ( IBGE ) additionally revealed that the economy improved by 1 .5% in the quarter from the previous one .That figure was above economists' forecasts of 0 .9% .

Finance Minister Guido Mantega earlier this month lowered 2013 growth goals to 2 .5% from an already lowered 3 .0% , and for 2014 down to 4 .0% from 4 .5% .

The agricultural market sector , which witnessed an output rise of 3 .9% , was the cause of the majority of the improvement in South America's largest economy between April and June , following on from 9 .7% growth in the 1st quarter .

The sector's overall performance was primarily because of soy production , which went up by 23 .7% in comparison with the 2nd quarter of 2012 .
India's economy continues to slowdown based on the latest government figures .

For the April-to-June quarter , it grew at a rate of 4 .4% , when compared with the identical period in the previous year .

It had been a weaker overall performance than a lot of economists had been anticipating this was a slowdown from the first 3 months of the year , when growth was 4 .8% .

The Indian Prime Minister expects the weaker rupee is going to improve exports