India on robust growth path as GST, demonetisation effects abate : ADB

  • 27-Sep-2018
  • India on robust growth path as GST, demonetisation effects abate : ADB

India’s economy continues on a robust growth path, the Asian Development Bank (ADB) said while maintaining the growth forecast for the current fiscal at 7.3 per cent. However, depreciation of the rupee and volatile external financial markets pose challenges, the multilateral lending agency added, in an update of its flagship annual economic publication, the Asian Development Outlook (ADO) 2018.

Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices and a consolidation of India’s growth rebound, it said. “But escalating trade tensions will test the region’s resilience, underscoring the importance of efforts to bolster trade ties among its countries,” it added.

On India, the report said its economy continues on a robust growth path. “Its growth forecasts are unchanged at 7.3 per cent for 2018 and 7.6 per cent for 2019 as the temporary effects of the demonetisation of large banknotes and the introduction of the national Goods and Services Tax abate as expected,” it said.



Source :- Dailyshippingtimes.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2020 www.seair.co.in. All Rights Reserved.