India’s GDP growth is likely to cross eight per cent in the next two years.
The vision is for a five trillion dollar economy in which a trillion dollars will come from manufacturing, three trillion dollars from services and a trillion dollars from the agriculture and allied sectors.

GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March quarter of last fiscal, retaining the fastest growing major economy tag on robust performance by the manufacturing and service sectors as well as good farm output.

On a yearly basis, however, it grew at a four-year low of 6.7 per cent in 2017-18, down from 7.1 per cent in the previous fiscal.

The RBI's decision to raise the benchmark lending rate by 0.25 per cent is not expected to hamper investments.

India is actively engaged in the Regional Comprehensive Economic Partnership (RCEP) negotiations and also holding bilateral talks with member countries including China, Australia and New Zealand.

Since RCEP is a comprehensive economic partnership pact India feels services should be an integral part of the agreement.

As for the US’ challenge on India's export support programs, the country will counter by saying these measures are not subsidies but ways to partially offset various additional costs incurred by them.