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India to clock 7.1% GDP this year, to face risk of bad loans: UN report

Growth in India is forecast at 7.1% this year as 're-monetisation'' restores consumption: Report

Press Trust of India  |  United Nations 

India is expected to clock 7.1 per cent growth this year before edging up to 7.5 per cent in 2018, according to a UN report, which warned that the country faces heightened risks related to the concentration of bad loans in the public sector banks. The UN Economic and Social Commission for Asia and the Pacific (ESCAP) said in its annual flagship report 'The Economic and Social Survey of Asia and the Pacific 2017'launched yesterday that the economic growth for India is projected to be stable at 7.1 per cent in 2017 before edging up to 7.5 per cent in 2018, underpinned by higher ...

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First Published: Tue, May 02 2017. 13:25 IST
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