Indian economy went through a lot of ups and downs over the past years. While a strong government with a clear mandate bolstered the confidence of stakeholders, disruptive economic reforms took their toll on India’s GDP. It was under the Modi government that India became the fastest growing economy in the world, and even moved up a spot, in the GDP rankings.
In March, consumer prices rose 0.36% compared to the previous month, up from 0.22% in February.
India’s inflation rate is forecasted to average 4.0% in FY 2019. Meanwhile, for FY 2020 India’s inflation rate is forecasted to average 4.5%. India’s GDP growth is expected to accelerate moderately to 7.5 percent in Fiscal Year 19-20.
Here are the states that show how the Indian economy fared from Nehru to Modi.
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