India's economic growth rate will escalate 7.5%, says Deutsche Bank

May 02 2018 04:59 PM
India's economic growth rate will escalate 7.5%, says Deutsche Bank

The Indian economy is fast rolling forward and the economic growth rate of the nation will reach 7.5 percent in the current financial year, according to the estimation of the global financial services provider, Deutsche Bank.

According to the reports, it is to be noted that the economic growth rate in the current financial year is estimated to reach 7.5 percent. Global financial services provider Deutsche Bank has said this in its report, while the Reserve Bank of India has estimated an economic growth rate of 7.4 percent in the current fiscal. Expectations from investment-related activities are bound.

In this latest report by Reserve Bank of India, includes the rising rates of crude oil, the introduction of a rate hike before the RBI estimates, the fear of a negative impact on the fraud and overall increase in fraud in the banking sector. Risks can be made for the forecast. Remember that the price of crude oil is currently close to $ 75 a barrel, which is 12 percent of the level of December 2017. Which can reduce the economic growth rate by 0.10 percent and the other factor growth rate from 0.15 to 0.20 percent.

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