Economics
India Predicts Fastest Economic Growth Since 2008
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India’s government predicted the economy will expand the most in three years, supporting the central bank’s case for raising interest rates further after the steepest increases in Asia.
The $1.3 trillion economy will probably expand 8.6 percent in the year ending March 31 from a year earlier, the Central Statistical Organisation said in a statement in New Delhi today. The projection was in line with the median of 16 estimates in a Bloomberg News survey.