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After Moody’s and S&P, Now Macquarie Gives Prediction for India’s Economy
December 01, 2017
As India is divided on whether India’s economy will really grow after the GST and demonetization hits, global financial services group Macquarie expressed high confidence by saying that India’s GDP growth will bounce back to 7.2% in 2018.
The banking firm’s growth expectations are based on the central government’s recent announcement of Rs. 2.11 lakh crore recapitalization decision for the public-sector banks.
Currently, the condition of India’s economy is weak as it observed a slow growth of 5.7% in the April-June quarter.
