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India's growth to accelerate to 7.4% in 2017-18: ADB

India's growth to accelerate to 7.4% in 2017-18: ADB

Thursday, April 6, 2017, 10:13 AM

The Asian Development Bank said that India's growth rate will improve to 7.4% during 2017-18 and go up further to 7.6% in the next fiscal, remaining ahead of China. The impact of the demonetization of high-value banknotes is dissipating as the replacement banknotes enter circulation. Stronger consumption and fiscal reforms are also expected to improve business confidence and investment prospects in the country, ADB said.
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