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‘ACCHE DIN’ for Modi government is coming!

Wednesday - June 6, 2018 1:03 pm , Category : WTN SPECIAL

The World Bank praised the Indian economy, good news for Modi government

JUNE 06(WTN) - Is the good days of the Modi Government coming? We are saying that because between the softening of crude oil prices and the strengthening of rupees, good news has come on the front of the economy for the Modi government. The World Bank has trusted the Indian economy. According to the World Bank, the economy of South Asia will increase this year and India's economy will prove to be the fastest growing economy of all the economies.

The World Bank has described 2018 as the best for South Asia in its outlook report. But the World Bank has said that the pace of development of the global economy will be low. According to the World Bank, this year global economic growth will be 3.1 percent. The World Bank has feared that after this, the pace of development may be slower in the next two years.

Meanwhile, the World Bank has praised the Indian economy. According to the World Bank, India's growth rate in South Asia is expected to be 6.9 percent in 2018. It is estimated to increase in 2019 and it can be 7.1 percent. In the financial year 2018 and 2019, the Indian economy is projected to be 7.3 percent, and 7.5 percent is in the fiscal year 2019-20.

But in the meanwhile, the World Bank has raised concerns about rising inflation. According to the World Bank, "There is concern about inflation and it is significantly higher than this target in India and it is constantly increasing.”

But if we believe in the World Bank report, so good time is to come for the Indian economy. With the reduction of crude oil prices and the strengthening of the rupee, prices of petrol and diesel can be reduced, which could benefit BJP in the assembly elections to be held in Madhya Pradesh, Rajasthan and Chhattisgarh states. If the government could be able to overcome inflation, it may be that the BJP has got a lot of benefits in the 2019 Loksabha election too. But all this is possible only when petrol and diesel prices would be low and the government would be able to control inflation.
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