As per the data released by the Ministry of Statistics, India registered 7.1% growth in the financial year 2016-17, which is slower than the 8% registered in 2015-16. In the fourth quarter of 2016-17, India registered a growth of GDP growth of 6.1% compared with China’s 6.9% in the same period. Hence, it has lost its fastest-growing major economy tag in the fourth quarter of 2016-17.
more recommended stories
GST: Credit card bill, insurance premium to get costlier
Credit card providers, banks and insurers.
Aadhaar-PAN linking must from July 1; Govt notifies rules
The government has made it mandatory.
RBI announces introduction of new Rs 500 currency notes
The Reserve Bank of India (RBI).
Protests at Indian Oil plant site in Puthuvype turn violent; 10 injured
The ongoing stir by local residents.