2.4 INDIAN SUBCONTINENT--India

According to World Bank, India continues to be one of the fastest growing economies in the world. Teething troubles in the Goods and Services Tax (GST), which was implemented all over India from July 1, 2017, slowed down the country’s growth during the next two quarters. However, by the end of the April 2017–March 2018 period (known as fiscal year 2017–2018 in India), the economy was getting back on its feet. GDP growth during 2017–2018 was 7.4% against 6.8% in the previous year – leading all the major economies of the world.