India has gained GDP Growth of 7.2 per cent in third quarter. This way the country has surpassed China and it regains fastest growing economy title.

VB News | INDIA | Updated March 1, 2018 5:00 PM IST

India has regained its title of world’s fastest growing economy. It has snatched the title from China. It is worth mentioning here that for the past many months, there has been a negative sentiment in the market and all the indicators had been showing slow progress after the Demonetisation and then implementation of Goods and Services Tax in India. It is for the first time in quite sometime that the Indian economy has shown some positive signs and the GDP growth has reportedly reached to 7.2 per cent which is very promising.

There is another piece of good news coming is that there have been reports that Reserve Bank of India RBI may up the interest rate from May this year and if this happens then it is believed that the factor of uncertainty prevailing in the market would come to an end to an extent and banks would receive more capital. It is worth mentioning here that RBI could increase the interest rate after review of the policy which is due in April this year.

However, there has also been reports that some economic experts believe that GDP growth of more than 7 percent in the Q3 will also not add any good for the economy as the overall sentiment is still low and with back to back revelation of scams, the most recent being PNB Scam have further dampened the public and investors’ sentiments in the Indian economy.