India's Elephant at Ramming Speed!

Bloomberg has a story on India's red-hot economic growth. Naturally, this means India will need to import more copper, zinc and oil. And with all that extra cash in their pockets, you can bet that Indians will be more inclined to buy gold and silver.

Indian GDP Grows at Fastest Pace in More Than 2 Years

May 31 (Bloomberg) -- India's economy grew at the fastest pace in more than two years last quarter as bumper harvests and hiring at computer-related companies spurred spending on housing and mobile phones.

Asia's fourth-biggest economy expanded 9.3 percent in the three months ended March from a year earlier as growth in farm output almost doubled, the government said in New Delhi. That beat the 7.9 percent forecast of a Bloomberg News survey and is the fastest after China among the world's 20 biggest economies.

There are lots of good stats in this story, in case you're interested. I can think of a few stocks that should benefit; Red-Hot Asian Tigers subscribers already have one in their portfolio (added last week).

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