UP becomes fastest growing state with 11% growth rate: Excise minister
Uttar Pradesh Excise and Prohibition Minister Nitin Agarwal has claimed that UP has become the fastest growing state in the country, with a growth rate of 11%.
Uttar Pradesh Excise and Prohibition Minister Nitin Agarwal has claimed that UP has become the fastest growing state in the country, with a growth rate of 11%.
As per the index, compiled by S&P Global, the growth in the services slowed as the robust domestic demand weakened.
The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday.
India’s growth rate is expected to be the highest in the near future, which will make it one of the…
“The vikas dar (growth rate) of US was 7.9 per cent while that of India was 8.10 per cent,” said the BJP chief.
Chief Minister Jai Ram Thakur informed about this while laying the Economic Survey for 2019-20 in the Assembly on Thursday.
Interestingly, as per the data furnished by the National Statistical Office (NSO), the revised second quarter GDP growth rate stood at 5.1 per cent from the earlier 4.5 per cent.
The IMF has slashed India's growth rate to 4.8 per cent for the current fiscal year which was expected to rise to 5.8 per cent in 2020.
The RBI's monetary policy committee (MPC) in its fourth policy review of the current fiscal also revised the GDP outlook for FY2019-20 to 6.1 per cent from the previous 6.9 per cent.
He rubbished the BJP's claim of higher growth rate as "bogus" and concocted by the Niti Aayog.
