India is projected to be the fastest-growing major economy in the current and next fiscal, the finance ministry said recently citing statistics from the International Monetary Fund (IMF). Stressing on the various government initiatives to boost investor confidence, it said the economy is on track to maintain a high growth rate in the current global environment.
The World Bank ranked India 77th in its Ease of Doing Business report last year.India is projected to be the fastest-growing major economy in the current and next fiscal, the finance ministry said recently citing statistics from the International Monetary Fund. Stressing on the various government initiatives to boost investor confidence, it said the economy is on track to maintain a high growth rate in the current global environment.#
The average growth of the Indian economy between 2014-15 and 2017-18 was 7.3 per cent, fastest among the major economies in the world, the ministry said in its year end review.
The initiatives include measures to boost manufacturing, comprehensive reforms in the foreign direct investment policy, special package for the textile industry, push to infrastructure development by giving infrastructure status to affordable housing and focus on coastal connectivity.
The country witnessed moderate inflation during 2017-18, it noted. (DS)
Fibre2Fashion News Desk – India
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
