Prime Minister Manmohan Singh said Indian economy's stupendous performance despite the global financial turmoil has proved the naysayer wrong. Addressing at an award function organised by a private news channel in Delhi Dr Singh said that the country was affected by global economic turmoil but now India is the second fastest growing economy and proved the prophets of doom wrong.<br/><br/>Beating every estimate, which projected GDP rate in the six per cent region, the economy grew by a surprising 7.9 per cent in the second quarter of the current fiscal. Impacted by the global financial meltdown, economy grew 6.3 per cent in the first quarter.<br/><br/>One year after the global meltdown began; the factory production in October recorded a promising 10.3 per cent growth, fuelling hopes that it would power the economy ahead.<br/><br/>This is against a paltry 0.1 per cent in the year-ago period. Besides, exports also reversed its 13-month slide to post 18 per cent growth in the November.<br/><br/>Buoyed by these smart numbers, the Finance minister Pranab Mukherjee in his mid-term review of the economy has said that the GDP would close the current fiscal well over 7.75 per cent. <br/><br/>The growth comes at a time when the world's leading economies like the US and Japan just managed to come out of recession but is still tottering.<br/><br/>China is the only economy which grew faster India at 8.3 per cent for the second quarter.<br/>