India Gdp Forecast News

Eonomic outlook subject to headwinds such as tightening of financial conditions, rising oil bill and weak bank balance sheets, says rating agency

Fitch however that it expects economic activity to accelerate in the second half of the fiscal year with the waning impact of one-off events including demonetisation and GST

India is likely to be the world's fastest-growing large economy in the next 10 years, driven by digitisation, favourable demographics, globalisation and reforms, says Morgan Stanley report

The UN has lowered India GDP growth forecast to 7.3% for 2017 but predicted a higher 7.9% for 2018 even as it cautioned on bad loans plaguing the banking sector

IMF calls for accelerated economic reforms for India to achieve a higher growth trajectory, while retaining its GDP growth rate projection of 7.2% for 2017-18

Inflation is expected to have cooled to a 2-year low in Dec as the govt's surprise currency demonetisation rattled the economy and severely hurt consumption

ADB said that the impact of demonetisation would be temporary and retained growth projection at 7.8% for the next fiscal

PMEAC chairman C. Rangarajan says economy could still grow at 5.5% or more for the current fiscal year