Q. What is the India's GDP growth forecast for FY 18, as per latest report by BMI Research?
Answer: 6.9%
Notes: According to the latest report of BMI Research, India's Gross Domestic Product (GDP) growth is expected to grow at 6.9% for FY 18 (2017-18). As per report, India’s growth is expected to pick up following the negative ramifications from the demonetisation drive in November 2016, but weak public banks will likely cap the recovery. The Fitch Group company noted that the negative effects from the demonetisation measure is already wearing off, and the Indian economy will likely benefit from positive demographic trends, greater external stability (due to improved terms of trade from lower oil prices), and continued reforms that should help to improve the country’s admittedly poor business environment. However, the report noted that the public banking sector is still weak and plagued with mounting non-performing assets and it is likely to weigh on India’s growth potential.
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