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RBI Cuts FY18 Growth Forecast To 6 7%; Says Adverse Impact On Manufacturing

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The Reserve Bank of India (RBI) on Wednesday lowered the country's growth projection for 2017-18, pegging the Gross Value Added (GVA) at 6.7 per cent. The implementation of GST had an adverse impact on manufacturing and may delay investment revival, the central bank further said while hoping that there will be simplification of the new indirect tax regime to ease the business process.Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► http://goo.gl/5XreUq Subscribe Now To Our Network Channels :-Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :-Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :-Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com

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RBI Reserve bank Of India Growth Forecast 6.7% Manufacturing sector Monetary Policy RBI Monetary Policy Fiscal Policy RBI Governor Urjit Patel Gross Value Added GST GST impact Business news news today economy economic news money finance financial news times now et now latest news stocks and shares stocks today Investment shares stocks exclusive interview
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