Indian Economy Expected to Climb Over 7.5%, Mukherjee says

Indian President Pranab Mukherjee mentioned that the country’s economic growth plays between 0 to 1 percent 50 years before the nation gained its independence. Mukherjee announced today that India is expected beef up higher than 7.5 percent this current fiscal year.

The 81-year old President said in his lecture that during the 1950s, growth reached 1-2 percent, 3-4 percent in 60’s while in nineties the economic reforms climb higher by 6 to 7 percent. He further asserted that the Indian economy will boost within 15 years which makes India as the world’s fastest-growing major economy. The indication shown during the third quarter this year assured the possibility of an upsurge. The leader also said that this performance can be obtained from the efforts of laborers and farmers.