Econ­omy may Ex­pand by 7.8% in 2017-18: UN Re­port

The Economic Times - - Economy: Macro, Micro & More -

In­dian econ­omy is pro­jected to ex­pand by 7.6%in 2016-17 and ac­cel­er­ate to 7.8% in 2017-18, mainly on the back of do­mes­tic con­sump­tion de­mand aided by steady em­ploy­ment and a rel­a­tively low in­fla­tion, a UN re­port for the Asia-Pa­cific said on Thurs­day. “The near-term growth out­look is pos­i­tive, with the pro­jected growth be­ing 7.6% in 2016 and 7.8% in 2017,” said the United Na­tions Eco­nomic and So­cial Sur­vey for Asia and the Pa­cific-2016 re­port, which was re­leased here.

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