India's GDP growth to rise to 7.5% in 2018: Morgan Stanley
According to a report by global brokerage firm Morgan Stanley, India's GDP growth is likely to accelerate from 6.4% this year to 7.5% in 2018, and to 7.7% in 2019. The report further said the government's plan to recapitalise state-owned banks would remove the potential tail risk of the banking system posing a drag on growth.