LOK SABHA ELECTIONS 2019: INDIA DECIDES

Business Economy 05 Apr 2018 India ratings upgrad ...

India ratings upgrades India’s growth forecast

DECCAN CHRONICLE.
Published Apr 5, 2018, 1:04 am IST
Updated Apr 5, 2018, 1:04 am IST
It said that despite the US Fed rate hike and trade protectionism, the Indian economy is likely to cruise smoothly.
India Ratings and Research (Ind-Ra) logo
 India Ratings and Research (Ind-Ra) logo

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.

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