According to media sources, India’s economy will continue to remain the fastest growing among the major economies despite the global headwinds. According to the American credit and rating agency Standard and Poor’s India’s GDP continues to grow 6.5 per cent this fiscal. In its report, the agency highlighted that the country’s growth performance showed resilience despite the external shocks which caused short-term challenges for the country. The country has managed to enhance its growth advantage over developed countries by pursuing economic reforms, infrastructure development and policy reforms. According to the report, the nation is likely to encourage more participation in global trade, which offers increasing gains in economic growth, and to generate employment opportunities.
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