India's economy expanded at a faster pace even as several growth engines stalled: agriculture faced a second consecutive drought year, rural households were under stress, private investments flat-lined, and exports plummeted. Despite these drags, the working engines―demand from urban households and public investments―propelled the economy to a higher growth path. GDP growth accelerated to 7.6 percent y/y in FY16 from an average of 6.5 percent during...
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