Jan 07 2019, 5:50 PMJan 08 2019, 9:29 AMJanuary 07 2019, 5:50 PMJanuary 08 2019, 9:29 AM
India 's GDP is forecast to grow at its fastest pace in three years in 2018 - 2019 at 20 % , while gross value added is predicted to rise 10 % , according to first advance estimates by the country 's Central Statistics Office . The strong expansion of the economy , which is recovering from demonetisation and the collapse of the Energy and Services Tax , will be driven by 8.3 % and 8.9 % growth in the mining and petroleum industries , respectively . Further , private investment in the economy will see an uptick with gross fixed capital formation expected to increase 12.2 % , with investment underpinned by government spending .