India Loses its Fast Growing Economy Tag to China

Posted on:01 Jun 2017 11:13:09
India Loses its Fast Growing Economy Tag to China
01 June 2017 Current Affairs:

  • 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.

  • India registered a Gross domestic product (GDP) growth of 6.1% compared with China’s 6.9% in the same period.

  • India lost its fastest-growing major economy tag in the fourth quarter of the year 2016-17. 


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