Pablo Shah, an economist with analysts CEBR in London commented: “India’s economy is likely to perform well in 2018, as external demand remains strong and the country begins to reap the benefits of major structural reforms. The looser fiscal stance signalled by today’s budget will act as an additional tailwind for growth in the near term. Cebr expects India’s economy to bounce back in 2018, growing by around 7.9% in real terms.

 

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