Bank balance sheet affected India’s growth

GST, bank balance sheet affected India’s growth: UN

The goods and services tax, as well as protracted issues of corporate and bank balance sheet problems, pushed India’s economic growth downward in 2017, but a gradual recovery is expected and the economy is forecast to growth at 7.2% in 2018, according to a un report.

bank balance sheet affected India’s growth

According to estimates in the UN Economic and Social Commission for Asia and the Pacific’s flagship publication Economic and Social Survey of Asia and Pacific, India’s GDP grew at 6.6% in 2017, down from 7.1%. The report said India’s GDP is forecast to grow 7.2% in 2018.

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