India to Grow 7.6% in 2018: Moody’s

Moody’s Investors Service estimated that India will grow 7.6% in the calendar year 2018 and 7.5% in 2019, amid signs of economic recovery from the impact of demonetisation and GST.

In its global growth forecasts for 2018 and 2019, Moody’s stated the Budget for fiscal year beginning April 1 (2018-19) includes some measures to stabilise rural economy that was disproportionately hit by the scrapping of high denomination 500 and 1000 rupee notes.

Source- DD News

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