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India's GDP to rise 4.9 percent in 12 months
(MENAFN) India saw a faster than expected growth in its economy, according to Iran Daily
The country's gross domestic product will increase 4.9 percent in a year to March 31, compared with the decade-low 4.5 percent in the previous fiscal year
India joined nations from Brazil to Turkey as part of its plan in raising interest rates, striving to stem the fastest inflation in Asia
Devendra Pant, chief economist at India Ratings & Research Pvt., said: "Fiscal consolidation efforts will continue to remain a focus area for the new government as well.
The country's gross domestic product will increase 4.9 percent in a year to March 31, compared with the decade-low 4.5 percent in the previous fiscal year
India joined nations from Brazil to Turkey as part of its plan in raising interest rates, striving to stem the fastest inflation in Asia
Devendra Pant, chief economist at India Ratings & Research Pvt., said: "Fiscal consolidation efforts will continue to remain a focus area for the new government as well.
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