News
GST, bank balance sheet problems pushed India's economic growth downward but recovery expected: UN
- Date:
- May 8, 2018
- Source:
- Economic Times
The Goods and Services Tax ( GST ) 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 country's economy is forecast to grow at 7.2 per cent in 2018, according to a UN report. According to estimates in the UN Economic and Social Commission for Asia and the Pacific's (ESCAP)…