Growth over the last decade has been "broad-based" and the consumption gap among the rich and poor in both urban and rural India is rapidly shrinking, Union finance minister Nirmala Sitharaman told parliament on Monday.

Stressing that no "dead economy gets a credit rating upgrade", Finance Minister Nirmala Sitharaman told Parliament that India got rating upgrades from three major global agencies -- Morningstar DBRS, S&P and R&I. She also said that India is growing at 8.2 per cent, becoming the fastest growing major economy. 📰 India Fastest Growing Economy, No 'Dead Economy' Gets Credit Rating Upgrade, Finance Minister Nirmala Sitharaman Tells Parliament.