Mumbai, August 30:
Consumption demand, going forward, is likely to remain robust on the back of expected normal south-west monsoon and possible implementation of the Seventh Central Pay Commission at the State level, apart from the gathering pace of remonetisation, according to Reserve Bank of Indias latest annual report.
Further, the thrust of the Union Budget on capital expenditure, housing, micro, small and medium enterprises (MSMEs) and farm sector, coupled with other reforms such as the implementation of Goods and Services Tax (GST) from July 2017 and the Real Estate (Regulation and Development) Act (RERA), 2016 is expected to reinvigorate economic activity during 2017-18.
On the inflation front, the central bank cauti…
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