World Bank retains India's growth rate for FY19-20 at 7.5% http://bit.ly/2MrwN2s - Walletnews For Me

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Wednesday, June 5, 2019

World Bank retains India's growth rate for FY19-20 at 7.5% http://bit.ly/2MrwN2s

The Bank said India is estimated to have grown 7.2 per cent in fiscal year 2018/19, which ended March 31. A slowdown in government consumption was offset by solid investment, which benefitted from public infrastructure spending. It said India's urban consumption was supported by a pickup in credit growth, whereas rural consumption was hindered by soft agricultural prices.
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