You are here: Home » Economy & Policy » News
Business Standard

India to grow 7.6% in calendar year 2018 amid note ban disruption: Moody's

As we have said before, the bank recapitalisation plan should also help credit growth over time, thereby supporting growth: Moody's said

Press Trust of India  |  New Delhi 

For more tax revenue

Moody's Investors Service on Wednesday estimated that India will grow 7.6 per cent in calendar year 2018 and 7.5 per cent in 2019, amid signs of from impact of and

"There are some signs that the Indian economy is starting to recover from the soft growth patch attributed to the negative impact of the undertaken in 2016 and disruption related to last years rollout of the Goods and Service Tax," it said.

The includes some measures that could stabilise the that was disproportionately hit by the demonetization policy and is yet to recover, it said.

"As we have said before, the bank recapitalisation plan should also help credit growth over time, thereby supporting growth," Moody's said.

First Published: Thu, March 01 2018. 00:19 IST
RECOMMENDED FOR YOU