'India fastest growing economy despite four droughts'

New Delhi, Jan 1: India has emerged as the world's fastest growing economy despite a global economic slowdown and four droughts, the government's Chief Economic Adviser Arvind Subramanian said on Friday. "Despite declining global demand & 4 droughts, fastest growing economy," he tweeted. In a series of tweets, the CEA went on to list other major government successes like improvement in spending on agriculture, fiscal consolidation at central and state levels and improvement in indirect tax efficiency.