India Ratings Projects Economic Growth at 7.1 Next Fiscal

Posted on:19 Jan 2018 10:42:14
India Ratings Projects Economic Growth at 7.1 Next Fiscal
19 January 2018 Current Affairs: India Ratings and Research have projected the country’s economic growth to improve to 7.1 percent in 2018-19 from 6.5 percent in 2017-18, buoyed by robust consumer demand and low commodity prices.

In its outlook for 2018-19, according to the agency, there will be a gradual pickup in growth momentum owing to structural reforms like GST and Insolvency and Bankruptcy Code in place.

The projection is a tad lower than 7.4 percent growth estimated by Asian Development Bank and International Monetary Fund for next fiscal.
India Ratings and Research have projected the country’s economic growth to improve to 7.1 percent in 2018-19 from 6.5 percent in 2017-18, buoyed by robust consumer demand and low commodity prices.

In its outlook for 2018-19, according to the agency, there will be a gradual pickup in growth momentum owing to structural reforms like GST and Insolvency and Bankruptcy Code in place.

The projection is a tad lower than 7.4 percent growth estimated by Asian Development Bank and International Monetary Fund for next fiscal.

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