UNCTAD pegs GDP growth at 7% in 2018; China remains stagnant at 6.7%

India's gross domestic product (GDP) growth may stop at 7 per cent in 2018, according to the United Nations Conference on Trade and Development. The forecast comes on the heel of a nine-quarter high growth of 8.2 per cent in the April-June quarter (Q1) of 2018-19 (FY19).

In its Trade and Development Report 2018, the United Nations agency on Wednesday said huge volumes of bad debt in the banking set risked derailing credit expansion and ultimately investment and economic growth.

"Growing demand for exports has led to a moderate recovery in industrial production although the effects of demonetisation are still