Indian economy

Economy In Recovery Mode

The growth revival in fiscal 2019 would be consumption-led, with mild support from investments. A normal monsoon in 2018, benign interest rates, the return of pent-up demand and implementation of house rent allowance (HRA) revisions at the state government level would support growth, together with the government’s thrust on rural and infrastructure sectors.

India’s Economy Presents A Mixed Picture, Albeit With A Positive Tilt

A review of the economic performance in the first quarter of the fiscal presents a mixed picture. While on some counts such as foreign inflows, currency, forex reserves, industrial output, inflation the performance has been encouraging to positive, for many indicators such as borrowings and trade balances there has not been a noteworthy improvement so far.