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Business Headlines: From 5th largest, now India is 7th largest economy


India’s short lived stint as the world’s fifth largest economy is over. Deteriorating macroeconomic conditions such as a slowing GDP growth rate and a weak rupee were chief culprits for dragging our economy to seventh position. Donald Trump, via a series of tweets, said he plans to impose a 10% tariff on $ 300 billion of Chinese imports from September onwards and could raise tariffs further if the Chinese President fails to move quickly and strike a trade deal. #Economy #DonaldTrump #NarendraModi

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