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India replaces China as world's fastest growing economy

Published 02/28/2018, 11:32 AM
Updated 02/28/2018, 11:32 AM
© Reuters.  India replaces China as world's fastest growing economy
  • India GDP grew 7.2% in the 3Q18, regaining its status as the world's fastest-growing major economy surpassing China's growth of 6.8% as government spending, manufacturing and services picked up, citing that disruptions from demonetization and GST in July are fading.
  • GDP growth at 7.2% could propel Reserve Bank of India to raise interest rates after its next policy meeting on April 5 which has been kept its key rate unchanged since a 25 bps cut in August.
  • Source: Investing.com
  • ETFs: EPI, INDA, IGC, INDY, SCIF, INDL, PIN, SMIN
  • Now read: 5 Ways To Help Navigate Choppy Markets


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