The Reserve Bank stated the ongoing accelerated reform initiatives like Goods and Sevice Tax and continuing political stability will push the economic growth scale to 7.3 per cent in terms of Gross Value Added -GVA in the current fiscal year (2017-18).
The Financial Stability Report 2017 released, going forward,
reforms in FDI and real estate sector, implementation of GST, and
revival in external demand are likely to contribute to a better growth
outlook. According to the RBI report, GVA growth is expected to be
higher at 7.3 per cent in 2017-18.
