Economy crossing 8% GDP growth rate

    Indian GDP Growth Rate
    In view of the additional capital expenditure (capex) by the government in infrastructure projects is all set to push the economy to grow over 8% GDP growth rate in the first quarter of current fiscal, CII said in a statement. Adding that on the back of better monsoon prospects, surge in rural demand and ongoing fast-paced reforms process will further add to the momentum. The first quarter of the current year would show faster growth due to additional capex spending as a result of which the economy has definitely turned around and the industry body strongly expects GDP growth to pick up and cross 8% during the current financial year, President, Naushad Forbes said, reiterating that the recovery is now well-entrenched and can be expected to pick up at a faster pace.
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