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India seen staying fastest growing major economy in Jan-Mar qtr: Reuters

Annual growth was 7% in the quarter ending Dec, and 7.9% in the Jan-Mar quarter last year


India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services, a Reuters poll of economists found. Prime Minister Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered. The median forecast from a poll of 35 economists showed the economy grew 7.1 per cent annually in the first three months of this year. Forecasts ranged from 6.5 to 7.8 per cent. Annual growth was seven per cent in the quarter ...

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First Published: Mon, May 29 2017. 16:36 IST