India’s Economy Surges 8.2 Per Cent In Best Quarter Since Cash Ban

India’s economy grew 8.2 per cent in from April to June of this year, its fastest pace of expansion since Prime Minister Narendra Modi’s 2016 cash ban, a shock that drained liquidity from the economy. Economists attributed the robust performance in the quarter to a powerful base effect, after weakness during the same period last year that stemmed from India gearing up for a major overhaul of the tax system. Many companies brought production to a halt — and engaged in a huge de-stocking exercise — from April to June last year, as they prepared for a shift to a new goods-and-services tax on July 1.
 

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Modi is making India great again...

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Rupee hits historic lows against USD. GDP Growth hits new highs touching 8.2% What is true ? Growth ? Inflation ? Both ?

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Growning economy? Hmmm. Rupee hits record low of 71 per dollar, RBI sells dollars in small amounts..

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