New York: India can clock a GDP growth of over 7.5% in the fiscal 2017-18 and the country’s macro-economic fundamentals, including fiscal deficit and inflation, are all “very sound”, according to finance secretary Ashok Lavasa. “As far as (fiscal year) 2017-18 is concerned, I’m looking certainly at the economy growing at 7.5% plus,” Lavasa told PTI on Thursday. “Though it (growth rate) might not be as much as people would have expected but still among the developing economies and other economies, India continues to grow at a healthy rate,” he said. We feel that the kind of potential India has for growth is unmatched by other countries,” he said. The International Monetary Fund last month projected India’s growth at 7.2% in the fiscal 2017-18 and at 7.7% for the next financial year.

Source: Mint May 12, 2017 06:22 UTC