The Indian Government has kept its economic growth forecast for the current year. unchanged at 7.5 %. This is due to the increase in manufacturing and the rising investment in India.
The P.M. also added that as the nation’s economy grows, its regional and global integration will increase. “A nation of over 800 million youth knows that their future will be secured not just by the scale of India’s economy, but also by the depth of global engagement.
“More than anywhere else, our ties will deepen and our presence will grow in the region. But, the future we seek to build needs a stable bedrock of peace. And, this is far from certain,” the Prime Minister said.
India’s GDP grew at the fastest pace in seven quarters at 7.7 percent in January-March, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output, the Central Statistics Office (CSO) said in its national accounts data released yesterday in New Delhi.
India’s economic expansion at 7.7 percent was significantly higher than China’s 6.8 percent in the January-March period, it said.
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