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Indian economy entering productive growth phase: Report
18
May '17
The gross domestic product (GDP) growth of India is expected to rise to 7.9 per cent by the end of this year, according to a recent report. The growth could be driven by improving balance sheets of corporate companies, private capex recovery and favourable external demand. The economy of India is entering a 'productive growth phase', says the report.

The research conducted by Morgan Stanley states that the GDP growth could accelerate by almost 1 per cent point in the next three quarters to touch 7.9 per cent from the current growth rate of 7 per cent. The growth is likely to pick up in the second quarter of this year.

The report also adds that the implementation of the Goods and Services Tax (GST) is not likely to affect the GDP growth trajectory.

"From a medium-term perspective, the implementation of GST should lead to efficiency gains through better allocation of factors of production. Estimates suggest that medium term gains to GDP growth could be to the tune of 50 bps,” says the report. (KD)

Fibre2Fashion News Desk – India


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