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7
February 2018
 |
RBI
(The Total Investment & Insurance Solutions)
GVA growth for 2017-18
is projected at 6.6%. Beyond the current year, the growth outlook will be
influenced by several factors, according to the RBI.
It cited many reasons for the same such as GST implementation is stabilising, which augurs well for economic activity. Further, there are early signs of revival in investment activity as reflected in improving credit offtake, large resource mobilisation from the primary capital market, and improving capital goods production and imports. The Total Investment & Insurance Solutions
It cited many reasons for the same such as GST implementation is stabilising, which augurs well for economic activity. Further, there are early signs of revival in investment activity as reflected in improving credit offtake, large resource mobilisation from the primary capital market, and improving capital goods production and imports. The Total Investment & Insurance Solutions
The process of recapitalisation of public sector banks has got underway. Large distressed borrowers are being referenced for resolution under the Insolvency and Bankruptcy Code (IBC). This should improve credit flows further and create demand for fresh investment. The Total Investment & Insurance Solutions
Although export growth is expected to improve further on account of improving global demand, elevated commodity prices, especially of oil, may act as a drag on aggregate demand. The Total Investment & Insurance Solutions
Taking into consideration the above factors, GVA growth for 2018-19 is projected at 7.2% overall in the range of 7.3-7.4% in H1 and 7.1-7.2% in H2 – with risks evenly balanced.The Total Investment & Insurance Solutions
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