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DBS: India's economy likely to grow by 6.6% in FY18


India’s economy is likely to grow by 6.6 per cent in current fiscal and a gradual recovery is underway as there are encouraging signs that the country’s economic growth has bottomed out, Singapore’s banking group DBS said in its economic report todayThe bank said that it is optimistic that the Indian economy will achieve a growth rate of over 7 per cent in fiscal 2019.”This growth will be on stabilisation in post-Goods and Services Tax activity helped by more fine-tuning measures, trickle-down benefits from the bank-recapitalisation efforts, a higher fiscal deficit target and stronger investment growth,” the report said.
Source: Latest News

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