The Indian economy gave a resilient performance in 2017-18 and the country’s growth is expected to accelerate next fiscal, RBI Governor Urjit Patel has said. Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, the Reserve Bank of India governor said. Patel was addressing the International Monetary Finance Committee here yesterday. The Indian economy gave a resilient performance in 2017-18, Patel said. This was supported by an acceleration in manufacturing, rising sales growth, a pick-up in capacity utilisation, strong activity in the services sector and a record agricultural harvest, the RBI governor added. “Several factors are expected to help accelerate the pace of growth in 2018-19. There are now clearer signs that the revival in investment activity will be sustained,” he said. Global demand has been improving, which … [Read more...] about Why India’s growth rate will accelerate in 2018-19: RBI governor explains
Rbi governor
India’s pace of growth to accelerate in 2018-19, says RBI governor
New Delhi/Washington: Asserting that the Indian economy turned in a resilient performance in 2017-18, Reserve Bank of India (RBI) Governor Urjit Patel has said the country's growth is expected to accelerate next fiscal. Patel was addressing the International Monetary Finance Committee in Washington on Saturday. "The Indian economy turned in a resilient performance in 2017-18," Patel said. Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, he said. This was supported by an acceleration in manufacturing, rising sales growth, a pick-up in capacity utilisation, strong activity in the services sector and a record agricultural harvest, the RBI governor added. "Several factors are expected to help accelerate the pace of growth in 2018-19. There are now clearer signs that the revival in investment activity will be sustained," he said. Global … [Read more...] about India’s pace of growth to accelerate in 2018-19, says RBI governor
India’s pace of growth to speed up in 2018-19, says RBI governor
RBI governor Urjit Patel said, 'Several factors are expected to help accelerate the pace of growth in 2018-19.' New Delhi/Washington: Asserting that the Indian economy turned in a resilient performance in 2017-18, Reserve Bank of India (RBI) Governor Urjit Patel has said the country's growth is expected to accelerate next fiscal. Patel was addressing the International Monetary Finance Committee in Washington on Saturday. "The Indian economy turned in a resilient performance in 2017-18," Patel said. Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, he said. This was supported by an acceleration in manufacturing, rising sales growth, a pick-up in capacity utilisation, strong activity in the services sector and a record agricultural harvest, the RBI governor added. "Several factors are expected to help accelerate the pace of growth in … [Read more...] about India’s pace of growth to speed up in 2018-19, says RBI governor
India’s Pace of Growth to Accelerate in 2018-19: RBI Governor
Washington: Asserting that the Indian economy turned in a resilient performance in 2017-18, Reserve Bank of India (RBI) Governor Urjit Patel has said the country's growth is expected to accelerate next fiscal. Patel was addressing the International Monetary Finance Committee on Saturday. "The Indian economy turned in a resilient performance in 2017-18," Patel said. Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, he said. This was supported by an acceleration in manufacturing, rising sales growth, a pick-up in capacity utilisation, strong activity in the services sector and a record agricultural harvest, the RBI governor added. "Several factors are expected to help accelerate the pace of growth in 2018-19. There are now clearer signs that the revival in investment activity will be sustained," he said. Global demand has been … [Read more...] about India’s Pace of Growth to Accelerate in 2018-19: RBI Governor
India’s pace of growth to accelerate in 2018-19, says RBI governor Urjit Patel
Asserting that the Indian economy turned in a resilient performance in 2017-18, Reserve Bank of India (RBI) Governor Urjit Patel has said the country's growth is expected to accelerate next fiscal. Patel was addressing the International Monetary Finance Committee here yesterday. "The Indian economy turned in a resilient performance in 2017-18," Patel said. Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, he said. This was supported by an acceleration in manufacturing, rising sales growth, a pick-up in capacity utilisation, strong activity in the services sector and a record agricultural harvest, the RBI governor added. "Several factors are expected to help accelerate the pace of growth in 2018-19. There are now clearer signs that the revival in investment activity will be sustained," he said. Global demand has been improving, which should … [Read more...] about India’s pace of growth to accelerate in 2018-19, says RBI governor Urjit Patel