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Over To Raghuram Rajan After PM Modi Delivers Fastest Growth In Five Years
GDP expanded at a faster-than-expected 7.9% in the March quarter The GDP growth has been on account of rising consumer spending Still, analysts have not ruled out a rate cut from Dr Rajan on June 7
01 Jun 2016, 09:50 AM IST 
Investors expect RBI Governor Raghuram Rajan to cut rates following strong GDP data
India's GDP (gross domestic product) expanded at a faster-than-expected 7.9 per cent in the March quarter, surprising economists. For FY16, India grew at 7.6 per cent, making it the fastest economic growth in five years.
The acceleration in economic growth coincides with Narendra Modi government completing two years in office and shows that its focus on infrastructure spending is yielding results.
The lift-off in GDP growth has bee...
