Food inflation, which constitutes nearly half of the overall consumer price basket, increased to 9.53 per cent in December, up from 8.70 per cent in November.
While speaking to American media, PM Narendra Modi, who is leading the Bhartiya Janata Party, which has recently secured victory in five out of three Hindi-speaking states, emphasised how Indian Parsees has achieved economic success despite being a micro-minority community in India.
Moody's Investors Service on Monday said that India's weak household consumption will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors. Moody's has lowered its GDP growth projection for India for the fiscal year ending March 2020 to 4.9 per cent from 5.8 per cent.
India is estimated to have grown at 6.7 per cent in 2017, according to the 2018 Global Economics Prospect released by the World Bank in Washington on Tuesday.
Los Cabos, Jun 18 : India's economic woes have not gone out of hand in the wake of the slip in the GDP growth—the lowest in nearly 9 years—but there could be trouble if the
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