Will India retain tag of fastest growing economy?
India is the fastest growing economy in the present scenario in the world. India's first quarter GDP print is scheduled for release later on Friday, and there is lot of curiosity to know how the world's fastest growing major economy fared in a quarter marked by tread tensions in the world.
The world's sceond largest economy, China reported a 6.7 % growth for the June quarter as compared to 6.8%.
Economists estimate India retain its first position but they are not sure whether the growth will match the fourth quarter print of 7.7 percent . Most are estimating it at 7.5-7.6 percent. A few have gone overboard to project 8% expansion.
All the economies in the world are interconnected which are help each other.
India is a big market and the big firms all over the world was already invested in India so better GDP growth will expected and it's helpful for world GDP growth also.
Excessive growing will still be a problem as inflation sit in!
Excessive growing
Will still be a problem as
Inflation sit in!
- incrediblesnow
I'm a bot. I detect haiku.
What a good posting! I followed you, Upvoted you
If everyone in India could profit from that growth it would be great too!
yea but unfortunately so many people are still suffering.
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