Indian GDP to grow

New Delhi, Sept 14: Nomura a Japanese Financial services major has published a report regarding the growth of the country. The main highlights of the country are

* India's gross domestic product (GDP) growth is expected to be around 7.1% this fiscal.

* Industrial output growth would increase in the coming quarters.

* Gross value added (GVA) growth of 6.7% in 2017-18 (year ending March 2018).

* The index of industrial production (IIP) during July slipped to 1.2%

* Retail inflation rose to 3.36% in August.

* Industrial growth recovery is still uneven with weak investment demand, GST effects.

The major has said that Industrial growth will increase because of the restocking of goods anticipated ahead of festival season. The on going remonetization would help the cash based sectors to increase and it would generate a huge demand soon.

The inflation would be stable below 4 % but the prices of Fruits and vegetables have increased marginally.