India in 2018: why to remain bullish over india??
India in 2018: why to remain bullish over india??
India's journey in past year has tremendous, and currently it is on the cusp of a cyclical recovery. The government has continued to implement structural reforms and prudent macro policies, that will help boost growth rate further in the coming years. After slowing down for a quarter the GDP growth quickened to 6.3per cent during July-September 2017-18. The sudden implementation of demonetisation and GST has gone reasonably well and India is yet again on its way to thrive as the fastest growing economy in the world. It won't be wrong to say that India is still a bright-spot today and the investor confidence is growing it. With both domestic and global economy showing signs of recovery, hopes have sprung anew for 2018. Our perspective fo the year 2018 for India is positive and Welcoming.
Let us see what the top financial firms and analysts are saying about Indian economy for the year2018
1. 2018 will be the year of sustained growth for India.
The year 2018 promises to be a year of sustained recovery for the Indian economy. The growth rate is expected to accelerate to 7.2 per cent in 2018 and 7.4per cent in 2019, the UN said, describing the outlook for the country as "largely Positive".
The UN confirmed this by saying that "Despite the slowdown observed in early 2017 and the lingering effects from the demonetisation policy, the outlook for India remains largely positive, underpinned by robust private consumption and public investment as well as ongoing structural reforms,". At this growth rate, India will beat China which is expected to keep its growth pace at 6.5 per cent in 2018. Infact such recommendation have come not only from the United Nations but also from other institutions like.
MR.K.P.PRABHAGHARAN,
KKP CAPITAL, 9894333189
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