World News: India’s Economy Growth

India’s economy is expected to grow this fiscal year, from 2014 to 2015. A gradual increase in investment has been proven to revitalize an economy, and development is expected in India. Furthermore, with the new Prime Minister Narendra Modi, faith has been somewhat restored in Indian economic development. Last fiscal year, India’s economy grew 4.7%, and it is expected to grow 5.4-5.9% from now until March of next year. Factors such as America’s recovery after the recession have helped contribute to India’s expected prosperity, but less-than-average rainfall could hamper these gains. The agriculture industry relies on the rainfall, and food prices could soar without the extended supply.

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