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India's GDP expected to grow at 7.4 % in 2017-18: FICCI Survey

2017-05-15

In a survey conducted during March and April 2017, Federation of Indian Chambers of Commerce and Industry (FICCI) predicted India’s GDP growth will be around 7.4 % for fiscal 2017-18. It will be supported by an improvement in industry and services sector growth. The industry and services sector are expected to grow by 6.9 % and 8.4 % respectively in 2017-18 India needs to keep its focus on implementing reforms. The situation calls for enhancing hard and soft infrastructure, improving the investment climate in the country, and continuing the efforts in tackling non-performing assets.