New Delhi: Indian economy is expected to witness
According to Japanese financial services major Nomura's Composite Leading Index (CLI), some growth consolidation is likely in the Q4 (October-December), followed by a sharp recovery in Q1 (January-March) 2018 due to ongoing
"We remain bullish on the growth outlook. We expect GDP growth to rise to 6.7 percent year-on-year in Q4 (October- December) from 6.3 percent in Q3 (July-September), followed by a stronger rebound to 7.5 percent in 2018," Nomura said in a research note.
The report further noted that a tightening of monetary policy is likely owing to inflationary pressures and higher oil prices.
Moreover, the minutes of the December 6 monetary policy committee (MPC) meeting suggest that even as most members saw upside risks to inflation, weak growth concerns have held them back.