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Indian Economy May See 7.8% Growth In FY17: Credit Suisse report

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Credit Suisse report stated that Indian economy is expected a growth of 7.8 per cent in the current fiscal year due to improvement in agriculture and private consumption

Swiss Financial Major:

First Six months of 2016-17, growth will be increasing at current levels, the improvement is take place in the second half of year.

Growth Forecast:credit-suisse

Credit Suisse expected that growth to improve to 7.8% in current fiscal from 7.5%

  • Improvement in Agriculture and Private consumption leads to Success but Corporate Investment and Exports remain monotonous.
  • The report estimated GDP growth for January-March quarter of 2015-16 to speed up to 7.5 per cent from 7.3 per cent in the October to December Quarter.

Credit Suisse on Consumption:

Improvement in Second Half of the Current fiscal due to rural consumption and implementation of Pay Commission

Improvement in Imports:

Reasons: Weak domestic private investments in non-oil, non-gold imports

Equity Trading:

Macro environment should be favorable for equity markets

Environment of improving growth and manageable inflation is encouraging

About Credit Suisse:

♦ Founded in 1856
♦ Focus: To generate a geographically balanced stream of revenues and net new assets and allows us to capture growth opportunities around the world
♦ Tidjane Thiam – Chief Executive Officer