Moody’s estimates say India’s GDP growth will remain in range of 6.5- 7.5% over next 12-18 months
DSIJ Intelligence / 31 Jul 2017
India’s GDP growth rate will remain in the range of 6.5-7.5% over the next 12-18 months and GST will support the momentum for faster growth, as per the leading research agency.
India’s GDP growth rate will remain in the range of 6.5-7.5% over the next 12-18 months and GST will support the momentum for faster growth, as per the leading research agency.
More than 75% respondent out of 200 market participants responded in the favour that exposure to large corporate in power, steel and infrastructure sectors poses as the greatest risk to banks’ asset quality in India.
The economy will grow 7.5 per cent in 2016-17 and 7.7 per cent in 2017-18, according to the US-based agency estimates. While as per Moody’s, the economic growth will gradually increase to around 8% over the next 3-4 years.
India’s growth is likely to grow faster over the next 12-18 months despite a short-term drag caused by demonetisation.
The asset quality risks for banks and credit growth will remain subdued, according to a leading research agency.
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