India’s GDP Growth To Rise To 7.5% This Fiscal: Morgan Stanley

India’s economy is expected to clock GDP growth of 7.5% in this financial year according to a Morgan Stanley report. The growth recovery will remain robust, supported initially by consumption and exports. In the January-March quarter, India’s gross domestic product (GDP) grew at the fastest pace in seven quarters at 7.7% on robust performance by manufacturing and service sectors as well as good farm output. 
In aggregate, the report expect GDP growth to pick up to 7.5% in this financial year as against 6.7% in 2017-18. The report forecasts Consumer Price Index (CPI) inflation to remain slightly above the inflation target of 4% and the current account deficit below 2.5% of GDP. 
Source– The Moneycontrol

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