India's quality of growth improving, says CRISIL

The critical factor for growth will be how the monsoon plays out. Assuming a normal monsoon, Crisil estimates that growth could touch 7.9% in 2016-17

1st quarter revenue growth to hit a 2-yr high

CRISIL has pegged India’s economic growth at 7.9 per cent in 2016-17, assuming a normal monsoon. Unlike the “rubber-band” recovery that India witnessed after the global financial crisis of 2008, aided largely by fiscal and monetary stimulus, this time  the quality of growth has improved, says CRISIL in a new report. With the global economy struggling, India had embarked on a massive fiscal and monetary stimulus. As a result, growth perked up initially only to collapse when the stimulus was withdrawn. CRISIL notes that the “policy focus hasn’t ...