Reuters Poll: India GDP expected to grow by 7.3% this fiscal

Dhwani Mehta FXStreet

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%

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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