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India on Monday forecast that annual economic growth would accelerate to 7.4 per cent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy.
The new estimate is sharply higher than the Reserve Bank of India's (RBI) growth projection of around 5.5 per cent under the old method as well as a revised 6.9 per cent growth a year earlier.
Under the new method, the economy grew 7.5 per cent in the quarter ending in December, outpacing China's 7.3 per cent growth in the latest quarter and making India the fastest growing major economy in the world.
The revisions mark a dramatic turnaround for an economy that barely a fortnight ago was assumed to be still struggling to gather momentum under Prime Minister Narendra Modi's reform-minded government. Prior to PM Modi's election last May, the economy had endured its weakest phase of growth since the 1980s.
Courtesy: NDTV

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Social Media Corner 18th April 2021
April 18, 2021
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Citizens applauded PM Narendra Modi’s efforts towards reviewing of preparedness to handle the ongoing COVID-19 situation

India is growing leaps and bounds under the strong leadership of Modi Govt