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Tuesday, May 23, 2017

Crisil says Narendra Modi's steps to benefit growth over medium term

Mumbai: The initiatives taken by the Government of India, led by Mr Narendra Modi, Prime Minister of India, are expected to enable India to attain faster and sustainable growth over the medium term, according to a report by rating agency, Crisil. India's gross domestic product (GDP) has increased to over 7 per cent, thereby making India the world's fastest-growing major economy. The report further stated that the government is trying to deal with difficult aspects including corruption, red-tape and inefficiencies.

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