Deutsche Bank pegs FY19 growth at 7.5%

The economy would accelerate to 7.5 percent in FY 19 from 6.6 percentinFY18, andthereisa slim chance of the much feared rate hike by the central bankinthenear-termas inflation risks abate, said a Deutsche Bank report on Monday. Itsaidthereis optimism on the growth front. Admitting its growth estimate is margin ally higher than the 7.5 percent median forecast by the Reserve Bank’ s professional forecasters poll last week, the report said even with the highernumber, growthwillbe lower than the potential rate. Growth slid to a three-year low of 5.7 percent for the June 2017 quarter due to the impact of demo net is at ion and implementation of the G ST.