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QNB Group: India Reforms to Support Growth After Demonetization

QNB Group: India Reforms to Support Growth After Demonetization

Thursday, March 16, 2017, 10:42 AM

According to the report, it is expecting real GDP growth to accelerate to 7.4% in 2017/18 as spending rebounds from the shock of demonetization; in 2018/19 and 2019/20 growth should fade slightly on fiscal consolidation. Successful implementation of important reforms should support investment growth for the higher public capital spending and a new harmonised GST should increase inter-state trade and attract foreign capital.
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