Asian Development Outlook 2018 Report

SARTHAK IAS

Asian Development Outlook 2018 India’s growth Projection: Indian growth is expected to pick up to 7.3% in fiscal year (FY) 2018 and 7.6% in FY2019, following the estimated 6.6% in FY2017. India will remain the world’s fastest growing major economy.
India’s growth will pick up with increased productivity post Goods and Services Tax (GST) and investment revival due to banking reform and corporate deleveraging take hold to reverse downtrend in investment.
The impact of demonetization of high-value banknotes has dissipated and full implementation of GST will bolster growth in India in 2019.Indian economy grew 6.6% in last fiscal (2017-18) as it battled lingering effects of demonetisation in 2016, businesses adjusting GST in 2017 and subdued agriculture.

 

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