NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
September 8, 2017
India GDP and Monetary Policy: September 2017
The Indian economy decelerated in the June quarter, growing by 5.7% yoy, the lowest since March 2014.
Overview:
- The Indian economy expanded by 5.7% yoy in the June quarter, the slowest since March 2014. Net exports detracted from growth, and capital spending remained muted.
- NAB Economics is forecasting the economy to grow by 6.8% and 7.4% in 2017 and 2018 respectively, as implementation issues surrounding the GST begin to recede.
- The ability to generate an enduring improvement in private capital expenditure remains a crucial challenge for the Indian economy.
For further details, please see the attached document.
