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

Dhwani Mehta FXStreet

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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