It will continue to move forward, he told ETNow.The Moody’s upgrade put things in perspective. (Source: EY)Moody’s expects India’s real GDP growth to moderate to 6.7 per cent in the financial year ending in March 2018 (FY2017). (Source: EY)The Reserve Bank of India , in its credit and monetary policy review in October 2017, kept the policy rate unchanged. Imports decreased marginally by 0.17 per cent year-on-year in FY17 to $380.4 billion as against $381.0 billion in FY16. The trade deficit for FY17 was at $105.7 billion, around 11 per cent lower than the deficit of $118.7 billion during FY16.

Source: Economic Times November 17, 2017 05:48 UTC