Daily O

Why 2018 will see sustained growth for Indian economy

Revival in bank credit, improved corporate performance and increased demand will lead India's growth story.

The year 2018 promises to be a year of sustained recovery for the Indian economy. While many analysts are not fully convinced about India's growth trajectory, the reality is that the economy has returned to its high growth path.

Stagnation in private investment has often been cited as a key constraint for the growth story, having fallen from 29.8 per cent to 28.9 per cent of GDP in the second quarter of 2017-18 (constant prices). However, over the past few months, the current government has been focused on creating an enabling environment for private investment should increase growth in public sector bank (PSB) lending. Bank credit is critical to the recovery in private capital expenditure.

You're reading a preview, sign up to read more.

More from Daily O

Daily O6 min readFood & Wine
Heavenly Vermicelli: No Rampuri’s Eid Is Complete Without Feasting On Attu Bhai’s Rich, Sugary Qimami Sewain
‘Hai Eid maekadey ko chalo dekhta hai kaun, Shahd o shakar pe toot padey rozeydaar aaj.’ Translation: 'It’s Eid, let us sneak into the tavern unobserved, The faithful are busy feasting on sugar and honey'. — Nawab Yususf Ali Khan ‘Nazim’ of Rampur At
Daily O2 min read
PM Modi, Uniter-in-Chief: How The Prime Minister Brought Together Two Unlikely Foes
After Prime Minister Narendra Modi’s swearing-in ceremony, did you wake up this morning to check if the sun indeed rose from the East? No, not to check the dawn of a new democracy — but because Bollywood’s biggest foes seem to have buried the hatchet
Daily O2 min readFood & Wine
‘Bhery Bhel Done’: This British Chef Selling Jhalmuri On The Streets Of London Has Won Over Desi Twitter
For the uninitiated, Jhalmuri and Bhelpuri are very similar snacks — just like Delhi's Sarojini Nagar is the elder sister of Lajpat Nagar, Jhalmuri is a long-lost distant cousin of Bhelpuri. Jhalmuri, like Bhelpuri, is made up of rice puffs, veggies