India’s gross domestic product (GDP) grew by 6.2% in the year to March 2016.
The economy’s growth is still far below the 7.5% target that Prime Minister Narendra Modi had set for the country in 2015.
This growth is not sufficient for the government to deliver the economic growth that the people of India have been expecting for decades.
According to the latest estimates from the Centre for Monitoring Indian Economy (CMIE), the economy’s gross-domestic product ( GDP ) expanded by 1.2 per cent in the fiscal year ended March 31, 2016.
This is the lowest growth rate since the early 2000s.
The gross domestic price index (GCPI) rose by 2.2 percentage points in the same period, to 24.5 per cent.
But the gross-product index fell by 1 per cent, to 26.1 per cent of GDP.
The CMIE has also reported that GDP growth slowed to 2.5.% in 2017, the lowest rate in a decade.
This year, the GDP is expected to fall to 7.1% from 8.2%.
This will hurt the economy and lead to an increase in interest rates, which is the main reason for the slowdown.
The central bank has announced a one-year, negative rate, which will help the economy recover.
In a recent interview, Finance Minister Arun Jaitley had said that the economy had become sluggish because of a lack of foreign investment and infrastructure investment.
India’s economy has been a basket case, as foreign investors have been dumping their investments in the country and leaving.
This has been compounded by a slowdown in growth and inflation.
This is what Jaitray, who was elected as Finance Minister earlier this year, had to say: “The government has had to come up with the policy to help us revive our economy.
It is not enough, but it is a start.
I am not saying it is impossible, but I think it is within our capabilities.
The country is facing the challenge of recovering from this.
I don’t see any reason to think otherwise.”
The CPM had urged the government not to go too far and said that “we should be prudent in our monetary policy, and that we should not raise interest rates too much.
The government should be cautious and wait and see if the economy starts growing.”