Moody's and ICRA: Indian economy to remain strong in 2017, despite short-term impact of demonetization
New York, January 15, 2017-- Moody's Investors Service and its Indian affiliate, ICRA Limited, say that India will remain one of the fastest growing major economies globally in 2017, although GDP growth will moderate in the first half of the year, as the economy adjusts after demonetization. Moody's also believes that the government will likely achieve its fiscal deficit target of 3.5% of GDP for the current fiscal year ending 31 March 2017.. ICRA expects the country's growth of...
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