Wednesday, 5 June 2019

WB projects India's growth for FY19-20 at 7.5%

The Bank said India is estimated to have grown 7.2 per cent in fiscal year 2018/19, which ended March 31. A slowdown in government consumption was offset by solid investment, which benefitted from public infrastructure spending. It said India's urban consumption was supported by a pickup in credit growth, whereas rural consumption was hindered by soft agricultural prices.

from Times of India https://timesofindia.indiatimes.com/business/india-business/indian-economy-grew-7-2-in-2018-19-likely-to-top-at-7-5-world-bank/articleshow/69659069.cms
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