INSUBCONTINENT EXCLUSIVE:
This means that the economy is growing to its full potential.
The RBI panel acknowledged that the reviving economy may get some boost from
swift resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC).
A buoyant global demand is also expected to help
encourage exports and provide a further thrust to investment.
Consumption, both rural and urban, remains healthy and is expected to
strengthen further, even though a sharp rise in petroleum product prices in recent times is likely to impact disposable incomes, the central
Wednesday.
With improving capacity utilisation and credit offtake, investment activity is expected to remain robust even as there has been
some tightening of financing conditions in recent months
activity in the manufacturing sector is expected to moderate marginally in the second quarter of 2018-19 on account of deterioration in the
do not crowd out private sector investment activity at this crucial juncture.
In a situation when growth impulses are strong and inflation
pressure rises, the central bank often adopts a hawkish stance or refrain from any rate cuts to boost investments.
RBI estimates project
that the economy will grow by 7.4 per cent this fiscal as forecast in its April policy
GDP growth is projected at 7.5-7.6 per cent in the first half of the fiscal and at 7.3-7.4 per cent in the second half, with risks evenly
