How bad is the economy in India? If it weren’t for the farms, things would be a lot worse.
India’s government forecasts that the economy will grow 4.9% in the fiscal year ending March, a far cry from the 9% levels that dazzled last decade. Industrial output is mostly flat, while services growth has slowed. The driver is agriculture, which the government figures will expand substantially faster than last year
India’s government forecasts that the economy will grow 4.9% in the fiscal year ending March, a far cry from the 9% levels that dazzled last decade. Industrial output is mostly flat, while services growth has slowed. The driver is agriculture, which the government figures will expand substantially faster than last year
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