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Indian StatsMin: India forecasts 7%-plus economic growth ahead of elections

Reuters reports the latest statement published by the Indian Ministry of Statistics, citing that the Indian economy will expand more than 7% in the current financial year (FY) ending in March.

Additional Details:

“Annual economic growth had fallen to a worse-than-expected 7.1 percent in the July-September quarter, from 8.2 percent in the previous quarter.

Gross domestic product is estimated to grow 7.2 percent in 2018/19, faster than a provisional 6.7 percent growth in 2017/18.

Manufacturing is now forecast to grow 8.3 percent this fiscal year compared with 5.7 percent in the previous year. Farm output may grow 3.8 percent, up from 3.4 percent.”

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