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India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services. Prime Minister Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered.
The median forecast from a poll of 35 economists showed the economy grew 7.1 percent annually in the first three months of this year. Forecasts ranged from 6.5 to 7.8 percent.
India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services. Prime Minister Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered.
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