The New Year began on a positive note for India Inc., as the Chief Economic Advisor Mr. Arvind Subramaniam revealed that India is the fastest growing economy, in spite of four devastating droughts experienced this year.
India has overtaken China as the fastest growing economy in the world, in spite of opposition criticism that the actual growth rate hasn’t exceeded 7 to 7.3 percent. Calling the Indian economy a ‘car running on two wheels’, Mr. Chidambaram of the Indian National Congress criticized the Central Government’s economic policy.
However, in reply, Mr. Arvind Subramaniam tweeted the message – Despite declining global demand & 4 droughts, (India has emerged as) fastest growing economy.
3/3 C. Imprvmnt in indirect tax efficiency; D. Despite declining global demand & 4 droughts, fastest growing economy @PMOindia @FinMinIndia
— Arvind Subramanian (@arvindsubraman) January 1, 2016
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