India Ratings Projects Economic Growth at 7.1% Next Fiscal

India Ratings and Research has projected the country’s economic growth to improve to 7.1 percent in 2018-19 from 6.5 percent in 2017-18, buoyed by robust consumption demand and low commodity prices.

In its outlook for 2018-19, according to the agency, there will be a gradual pickup in growth momentum owing to structural reforms like GST and Insolvency and Bankruptcy Code in place. The projection is a tad lower than 7.4 percent growth estimated by Asian Development Bank and International Monetary Fund for next fiscal.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • India Ratings is a subsidiary of Fitch Ratings.
  • Brett Hemsley is Global Analytical Head for Fitch Ratings.
Source- AIR World Service