New Delhi: The Indian economic recovery may gather momentum from April-June 2017, on account of revival in consumption demand supported by higher purchasing power, as per a report by Morgan Stanley. The improvement in external demand would play a key factor in driving growth for the economy, and is expected to stay supportive this year with expectations of acceleration in demand conditions in both emerging and developed markets. The report also stated that the Reserve Bank of India (RBI) might opt for a rate hike in the second half of 2018.
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