Sunny, With Clouds
A significant rise in private investments and constant reforms are needed to accelerate India's growth story.
FY2017/2018 was one of those rare years when the Indian economy slowed even as the world economy accelerated. The twin shocks of demonetisation and destocking before the implementation of Goods and Services Tax (GST) and the following glitches culled India's GDP growth down to 6.6 per cent.
Consequently, the average GDP growth over the past four fiscals fell to 7.3 per cent.
