Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;
&lt;br /&gt;
Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;
&lt;br /&gt;
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;
&lt;br /&gt;
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;
&lt;br /&gt;
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;
&lt;br /&gt;
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Inflation&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;
&lt;br /&gt;
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;
&lt;br /&gt;
However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;&#039;,
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Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;&lt;br /&gt;Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;&lt;br /&gt;Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;&lt;br /&gt;While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;&lt;br /&gt;On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;&lt;br /&gt;However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Inflation&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;&lt;br /&gt;The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;&lt;br /&gt;However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;&lt;br /&gt;While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;
&lt;br /&gt;
Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;
&lt;br /&gt;
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;
&lt;br /&gt;
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;
&lt;br /&gt;
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;
&lt;br /&gt;
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Inflation&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;
&lt;br /&gt;
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;
&lt;br /&gt;
However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
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Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...&#039;
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to..."/>
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                <strong>Economic growth likely to be consumption-led</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Strengthening of global demand will support domestic economy: RBI<br /><br />Kolkata: </em>The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.<br /><br />Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.<br /><br />While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.<br /><br />On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.<br /><br />&ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&rdquo; the RBI said.<br /><br />However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &mdash; over-leveraged corporate sector and stressed banking sector &mdash; could delay the revival in private investment demand, the report added.<br /><br /><em>Inflation<br /></em><br />The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.<br /><br />The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.<br /><br />However, moving forward, some uptick in overall food inflation could be expected as &ldquo;unfavourable base effects set in from August 2017&rdquo;, the report pointed out.<br /><br />While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true">click here</a> to read more.</div>               </font>
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;
&lt;br /&gt;
Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;
&lt;br /&gt;
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;
&lt;br /&gt;
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;
&lt;br /&gt;
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;
&lt;br /&gt;
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Inflation&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;
&lt;br /&gt;
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;
&lt;br /&gt;
However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 30 August, 2017, http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&#039;,
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;&lt;br /&gt;Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;&lt;br /&gt;Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;&lt;br /&gt;While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;&lt;br /&gt;On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;&lt;br /&gt;However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Inflation&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;&lt;br /&gt;The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;&lt;br /&gt;However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;&lt;br /&gt;While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;,
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;
&lt;br /&gt;
Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;
&lt;br /&gt;
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;
&lt;br /&gt;
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;
&lt;br /&gt;
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;
&lt;br /&gt;
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Inflation&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;
&lt;br /&gt;
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 30 August, 2017, http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&#039;,
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Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...&#039;
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to..."/>
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                <strong>Economic growth likely to be consumption-led</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Strengthening of global demand will support domestic economy: RBI<br /><br />Kolkata: </em>The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.<br /><br />Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.<br /><br />While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.<br /><br />On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.<br /><br />&ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&rdquo; the RBI said.<br /><br />However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &mdash; over-leveraged corporate sector and stressed banking sector &mdash; could delay the revival in private investment demand, the report added.<br /><br /><em>Inflation<br /></em><br />The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.<br /><br />The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.<br /><br />However, moving forward, some uptick in overall food inflation could be expected as &ldquo;unfavourable base effects set in from August 2017&rdquo;, the report pointed out.<br /><br />While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true">click here</a> to read more.</div>               </font>
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;
&lt;br /&gt;
Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;
&lt;br /&gt;
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;
&lt;br /&gt;
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;
&lt;br /&gt;
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;
&lt;br /&gt;
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Inflation&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;
&lt;br /&gt;
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;
&lt;br /&gt;
However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;&#039;,
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;&lt;br /&gt;Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;&lt;br /&gt;Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;&lt;br /&gt;While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;&lt;br /&gt;On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;&lt;br /&gt;However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Inflation&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;&lt;br /&gt;The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;&lt;br /&gt;However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;&lt;br /&gt;While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;,
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;
&lt;br /&gt;
Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;
&lt;br /&gt;
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;
&lt;br /&gt;
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;
&lt;br /&gt;
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;
&lt;br /&gt;
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Inflation&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;
&lt;br /&gt;
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;
&lt;br /&gt;
However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Strengthening of global demand will support domestic economy: RBI&lt;br /&gt;&lt;br /&gt;Kolkata: &lt;/em&gt;The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.&lt;br /&gt;&lt;br /&gt;Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.&lt;br /&gt;&lt;br /&gt;While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.&lt;br /&gt;&lt;br /&gt;On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&amp;rdquo; the RBI said.&lt;br /&gt;&lt;br /&gt;However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &amp;mdash; over-leveraged corporate sector and stressed banking sector &amp;mdash; could delay the revival in private investment demand, the report added.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Inflation&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.&lt;br /&gt;&lt;br /&gt;The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.&lt;br /&gt;&lt;br /&gt;However, moving forward, some uptick in overall food inflation could be expected as &amp;ldquo;unfavourable base effects set in from August 2017&amp;rdquo;, the report pointed out.&lt;br /&gt;&lt;br /&gt;While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to..."/>
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                <strong>Economic growth likely to be consumption-led</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Strengthening of global demand will support domestic economy: RBI<br /><br />Kolkata: </em>The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.<br /><br />Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.<br /><br />While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.<br /><br />On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.<br /><br />&ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&rdquo; the RBI said.<br /><br />However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &mdash; over-leveraged corporate sector and stressed banking sector &mdash; could delay the revival in private investment demand, the report added.<br /><br /><em>Inflation<br /></em><br />The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.<br /><br />The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.<br /><br />However, moving forward, some uptick in overall food inflation could be expected as &ldquo;unfavourable base effects set in from August 2017&rdquo;, the report pointed out.<br /><br />While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true">click here</a> to read more.</div>               </font>
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-The Hindu Business Line<br />
<br />
<em>Strengthening of global demand will support domestic economy: RBI<br />
<br />
Kolkata: </em>The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.<br />
<br />
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.<br />
<br />
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.<br />
<br />
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.<br />
<br />
&ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&rdquo; the RBI said.<br />
<br />
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &mdash; over-leveraged corporate sector and stressed banking sector &mdash; could delay the revival in private investment demand, the report added.<br />
<br />
<em>Inflation<br />
</em><br />
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.<br />
<br />
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.<br />
<br />
However, moving forward, some uptick in overall food inflation could be expected as &ldquo;unfavourable base effects set in from August 2017&rdquo;, the report pointed out.<br />
<br />
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true">click here</a> to read more.
</div>',
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...',
	'disp' => '<div align="justify">-The Hindu Business Line<br /><br /><em>Strengthening of global demand will support domestic economy: RBI<br /><br />Kolkata: </em>The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.<br /><br />Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.<br /><br />While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.<br /><br />On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.<br /><br />&ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&rdquo; the RBI said.<br /><br />However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &mdash; over-leveraged corporate sector and stressed banking sector &mdash; could delay the revival in private investment demand, the report added.<br /><br /><em>Inflation<br /></em><br />The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.<br /><br />The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.<br /><br />However, moving forward, some uptick in overall food inflation could be expected as &ldquo;unfavourable base effects set in from August 2017&rdquo;, the report pointed out.<br /><br />While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true">click here</a> to read more.</div>',
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-The Hindu Business Line<br />
<br />
<em>Strengthening of global demand will support domestic economy: RBI<br />
<br />
Kolkata: </em>The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.<br />
<br />
Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.<br />
<br />
While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.<br />
<br />
On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.<br />
<br />
&ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&rdquo; the RBI said.<br />
<br />
However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &mdash; over-leveraged corporate sector and stressed banking sector &mdash; could delay the revival in private investment demand, the report added.<br />
<br />
<em>Inflation<br />
</em><br />
The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.<br />
<br />
The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.<br />
<br />
However, moving forward, some uptick in overall food inflation could be expected as &ldquo;unfavourable base effects set in from August 2017&rdquo;, the report pointed out.<br />
<br />
While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true">click here</a> to read more.
</div>',
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$metaTitle = 'LATEST NEWS UPDATES | Economic growth likely to be consumption-led'
$metaKeywords = 'Economic Growth,Effective Demand,tax buoyancy,tax collection,Tax Revenue,Government Expenditure'
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-The Hindu Business Line

Strengthening of global demand will support domestic economy: RBI

Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to...'
$disp = '<div align="justify">-The Hindu Business Line<br /><br /><em>Strengthening of global demand will support domestic economy: RBI<br /><br />Kolkata: </em>The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year.<br /><br />Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said.<br /><br />While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending.<br /><br />On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said.<br /><br />&ldquo;Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,&rdquo; the RBI said.<br /><br />However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem &mdash; over-leveraged corporate sector and stressed banking sector &mdash; could delay the revival in private investment demand, the report added.<br /><br /><em>Inflation<br /></em><br />The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half.<br /><br />The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food.<br /><br />However, moving forward, some uptick in overall food inflation could be expected as &ldquo;unfavourable base effects set in from August 2017&rdquo;, the report pointed out.<br /><br />While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/economic-growth-likely-to-be-consumptionled/article9837125.ece?homepage=true">click here</a> to read more.</div>'
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Economic growth likely to be consumption-led

-The Hindu Business Line Strengthening of global demand will support domestic economy: RBI Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year. Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade, the report said. While growth in the domestic economy is expected to be consumption-led, remonetisation is expected to enable a pick-up in discretionary consumer spending. On the whole, real gross value added (GVA) growth is expected to rise to 7.3 per cent in 2017-18, from 6.6 per cent in 2016-17, the report said. “Government spending continues to be robust, cushioning the impact of a slowdown in other constituents. Furthermore, reductions in bank lending rates post demonetisation should support investment demand,” the RBI said. However, global political risks and rising input costs may have an impact on profitability of firms, pulling down the overall GVA growth. The twin balance sheet problem — over-leveraged corporate sector and stressed banking sector — could delay the revival in private investment demand, the report added. Inflation The headline inflation is forecast to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the second half. The implementation of GST is not likely to have a material impact on headline inflation in the near term, the report observed. Headline inflation remained around 2.2 per cent in the first quarter of 2017-18 and declined to a historic low of 1.5 per cent in June 2017, primarily on the back of disinflation in food. However, moving forward, some uptick in overall food inflation could be expected as “unfavourable base effects set in from August 2017”, the report pointed out. While in the medium term, GST implementation is expected to bring about tax buoyancy and growth, near-term uncertainties with regard to revenue mobilisation impacting fiscal consolidation at both the Central and State levels could not be ruled out. Please click here to read more.