India's economy grew 7.6 percent in last fiscal year
A construction worker carries bricks on her head at a site in the Noida suburb of New Delhi, India, Tuesday, May 31, 2016. The UN’s mid-2016 report on the World Economic Situation and Prospects released earlier this month expects India to grow by 7.3 per cent this year and 7.5 per cent next year, the strongest GDP growth rate for a large economy, despite the drought affecting millions of people in various states. (AP Photo/Altaf Qadri)
NEW DELHI — India says its economy grew 7.6 percent in the fiscal year that ended March 31 and a stronger 7.9 percent in the last quarter of the year, keeping its position as the world’s fastest-growing major economy.
Tuesday’s data from the Central Statistics Office is in line with the government’s earlier estimate in February. The economy grew 7.2 percent in the previous fiscal year.
The data will be a boost for Prime Minister Narendra Modi and his government, which swept to power two years ago on the promise of overhauling the economy.