India issues 7.5% growth forecast

Source: BBC News

India’s growth rate is set to rise over the coming year after a slowdown, according to a government forecast.

It predicts that economic growth in 2017-18 will be between 7% and 7.5%, after having fallen to 6.75% in the current fiscal year.

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This will help India regain its position as the world’s fastest growing major economy, the government said.

The finance ministry released its figures in an economic survey ahead of the federal budget on Thursday.

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