Indian Economy Growing at 7% Despite Global Slump

  • Indian economy is growing at seven per cent, according to Union Minister of State for Commerce and Industry Nirmala Sitharaman.
  • A massive contraction of economies world over, devaluation of currencies, falling prices of commodities and China pumping its excess production at a subsidised rate into export market have not affected Indian economic growth.  Ms. Sitharaman said that Prime Minister was concerned about the global economic situation that was posing a challenge to Indian exporters.