Banking CA -
India’s GDP growth likely to slip below 7 % this fiscal year: DBS
On 15th September 2017, a report by DBS, a multinational banking and financial services corporation, said that India’s GDP growth is likely to reduce below 7 % this financial year.
India’s GDP growth likely to slip below 7 % this fiscal year: DBS
On 15th September 2017, a report by DBS, a multinational banking and financial services corporation, said that India’s GDP growth is likely to reduce below 7 % this financial year.
Predicted fall in India’s GDP:
i. According to DBS, two main reasons for the downfall are demonetisation in November 2016 and GST implementation in July 2017. These added to the already slow growth in manufacturing and investment sectors.
i. According to DBS, two main reasons for the downfall are demonetisation in November 2016 and GST implementation in July 2017. These added to the already slow growth in manufacturing and investment sectors.