India`s GDP growth to touch 7.6% next year: DBS
A DBS report has said that India's GDP growth is expected to pick up again to 7.6 %t next year thanks to improving consumption, timely rains, higher public sector spending, and better export growth. According to the global financial services major, the ongoing reforms will strengthen the productivity part of growth and the country's GDP will benefit from India's favourable working age population growth. Commenting on the issue, a DBS Official told the media, "Real GDP growth hit a road-bump this fiscal year. Cyclical forces are expected to shore up next year's pace to 7.6 %."
“The benefits of structural reforms will, accrue more in the medium-term rather than in the short-term. Citing examples it said the Goods and Services Tax to be rolled out in July 2017 is a significant reform with long-term benefits despite the brief drag on growth after its launch,” he added. "The timely implementation of other reforms will also be crucial in lifting the medium-term growth trajectory.
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A DBS report has said that India's GDP growth is expected to pick up again to 7.6 %t next year thanks to improving consumption, timely rains, higher public sector spending, and better export growth. According to the global financial services major, the ongoing reforms will strengthen the productivity part of growth and the country's GDP will benefit from India's favourable working age population growth. Commenting on the issue, a DBS Official told the media, "Real GDP growth hit a road-bump this fiscal year. Cyclical forces are expected to shore up next year's pace to 7.6 %." 
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