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Indian Economy: Shaping for the Future

Indian Economy: Shaping for the Future

The year 2018 began with signs of recovery for the Indian economy. The industrial output in Q4 of 2017 as well as in the last three months of 2017 remained over 7% and manufacturing saw a healthy 8% increase in productivity during Jan 2018. The trend is expected to continue as the World Bank and IMF expect the Indian economy to grow between 7%-7.6% outperforming all the major economies of the world and leaving China behind at 6.6%. The growth hints that the teething effects of structural reforms in the face of Demonetisation and GST have normalized and businesses have…