India’s GDP growth to hike by 7.8% in 2016-17: Nomura

Posted on:03 Mar 2016 09:35:44
India’s GDP growth to hike by 7.8% in 2016-17: Nomura
03 March 2016 Current Affairs: India's GDP growth is likely to pick up to 7.8 per cent in fiscal 2016-17 from 7.6 per cent this year, largely driven by higher discretionary demand, a Nomura report we expect GDP growth (at market prices) to pick up to 7.8 per cent in FY17 from 7.6 per cent in FY16," Nomura said in a research note The Reserve Bank of India to deliver a 25 bps rate cut in April to support growth, as the government has stuck to its fiscal consolidation targets," Nomura .RBI Governor Raghuram Rajan on February 2 had left the key interest rate unchanged citing inflation risks and growth concerns, while pegging further easing of monetary policy to the government's Budget proposals.
India's GDP growth is likely to pick up to 7.8 per cent in fiscal 2016-17 from 7.6 per cent this year, largely driven by higher discretionary demand, a Nomura report we expect GDP growth (at market prices) to pick up to 7.8 per cent in FY17 from 7.6 per cent in FY16," Nomura said in a research note The Reserve Bank of India to deliver a 25 bps rate cut in April to support growth, as the government has stuck to its fiscal consolidation targets," Nomura .RBI Governor Raghuram Rajan on February 2 had left the key interest rate unchanged citing inflation risks and growth concerns, while pegging further easing of monetary policy to the government's Budget proposals.

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