Boost for PM Narendra Modi, Fitch forecasts jump in Indian economic growth rate to 7.5 pct, but there's a catch
India GDP growth rate: Fitch said the Budget for 2018-19 fiscal, beginning April, envisages a slower pace of fiscal consolidation and, therefore, should support the near-term growth outlook. It contains measures that will benefit low-income earners (such as a minimum price support and free health insurance) and support rural demand.
India GDP growth rate: In what will come as welcome news for PM Narendra Modi and the policies that he has promoted, it has been revealed that the Indian economy is set to rise substantially. Image source: Reuters