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India cant work from the Centre, says Raghuram Rajan

Saturday, November 10, 2018, 7:11 PM

Demonetisation and Goods and Services Tax (GST) were the two major headwinds that held back India's economic growth last year, former RBI governor Raghuram Rajan said, asserting that the current 7% growth rate was not enough to meet the country's needs. Addressing an audience at the University of California in Berkley on Friday, Rajan said.
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NBFC crisis poses more growth headwinds, saysreport

Friday, November 9, 2018, 7:41 AM

The ongoing crisis of confidence in non-banking financial companies (NBFCs) may prove to be a drag on economic growth, as balance sheet constraints and higher funding costs may prompt these shadow banks to slowdown lending, warns a report. But this will come as a growth booster for banks, which for long have been ceding credit market share to NBFCs.
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IMF forecasts India's 2018 growth at 7.3%, praises GST

Tuesday, October 9, 2018, 10:38 AM

The International Monetary Fund (IMF) on Tuesday forecasted a growth rate of 7.3% for India in the current year of 2018 and that of 7.4% in 2019. In 2017, India had clocked a 6.7% growth rate. India's growth is expected to increase to 7.3% in 2018 and to 7.4% in 2019 the IMF said.

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