ICRA projects GDP to dip 6.5% YoY in Q2FY25
It said, this is due to the heavy rains and weak margins offsetting the buoyancy injected by the turnaround in Government capital expenditure and healthy trends in kharif sowing.
Union Finance Minister Arun Jaitley on Saturday said the Indian economy will grow 7.2 per cent in the financial year 2017 and 7.7 per cent in 2018.
“Indian economy is expected to grow at 7.2 per cent in 2017 and 7.7 per cent in 2018,” Jaitley said, adding, “The country needs $646 billion over next few years to finance infrastructure development”.
Jaitley said “the global growth is showing positive sign and moving upwards & is expected to improve further in 2017-18”.
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“Emerging market economies are facing new challenges like protectionism and increased geopolitical tension,” he added.
According to a recent report by global rating agency Fitch, "Indian economy will grow by 7.1 per cent in current fiscal, 7.7 per cent in 2017-18”.
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