Reuters Poll: India GDP expected to grow by 7.3% this fiscal
|Yet another outcome of the latest Reuters poll of economists, expressing their view on India’s growth prospects, while expected the Reserve Bank of India (RBI) to cut the repo rate by 25bps next month.
Key Points:
Indian economy expected to grow by 7.3% in 2017-18 and 7.6% 2018-19
Goods and services tax to have positive impact on GDP growth in long term
CPI forecast to average 3.5% in FY 2017-18, 4.3% in 2018-19
RBI expected to cut repo rate by 25bps in August to 6%
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