It said that despite the US Fed rate hike and trade protectionism, the Indian economy is likely to cruise smoothly.
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New Delhi: India Ratings and Research (Ind-Ra) on Wednesday upped country’s economic growth forecast for 2018-19 to 7.4 per cent from 7.1 per cent earlier.
“From the production side, higher growth in agriculture and industrial sectors is expected to push the overall economic growth. From the expenditure side, the boost is expected to come from both private and government expenditure coupled with green shoots emerging in investment spending,” said Ind-Ra.
It said that despite the US Fed rate hike and trade protectionism, the Indian economy is likely to cruise smoothly.
( Source : Deccan Chronicle. )
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