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.
“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.”