How fast is India’s economy really growing?

Optimism about India tends to spike every so often. In 1996, a number of years after the nation opened to overseas capital, the value of property in Mumbai, India’s monetary hub, soared to the very best of any world metropolis, in keeping with one account. In 2007 the nation’s economic system grew at an annual charge of 9%, main many to invest that it would hit double digits. But after every of those booms, hopes had been dashed. The late-2000s surge made method for monetary turbulence within the 2010s.