The data on the change in the Gross Domestic Report (GDP) in this quarter will be released later today. Along with this, the fiscal deficit data for April-July and data on eight core industries for July will be released.
During January-March 2018, India reported a 7.7% annual growth rate, which is incidentally the fastest in nearly two years.
On Wednesday, RBI claimed that economic growth was expected to accelerate to 7.4% in the present fiscal which began on April 2018. This rise was despite the risks posed by higher oil prices and global trade tensions. Meanwhile, a depreciating rupee and the consequent monetary tightening will pose risks for the coming period.
During January-March 2018, India reported a 7.7% annual growth rate, which is incidentally the fastest in nearly two years.
On Wednesday, RBI claimed that economic growth was expected to accelerate to 7.4% in the present fiscal which began on April 2018. This rise was despite the risks posed by higher oil prices and global trade tensions. Meanwhile, a depreciating rupee and the consequent monetary tightening will pose risks for the coming period.
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