Ind-Ra Pegs GDP Growth at 7.4% in FY18

The Economic Times - - Companies & Economy - Our Bureau

New Delhi: In­dia Rat­ings and Re­search ex­pects In­dian econ­omy to grow 7.4% in 2017-18, buoyed by con­sump­tion de­mand and gov­ern­ment spend­ing. The fore­cast of 7.4% is on the up­per end of the 6.757.5% band es­ti­mated in the Eco­nomic Sur­vey.

How­ever, the rat­ing agency re­vised down its GDP growth es­ti­mate for 2016-17 to 6.8% from 7.9%, which is even lower than CSO ad­vanced es­ti­mate of 7.1%.

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