The Indian economy is expected to grow by 7.6% in the second quarter of this year on the back of steady improvement in the manufacturing and export sectors, according to the latest Reuters survey of 50 economists.
The overall outlook for the economy estimated by $ 2.59 trillion, from 7.0% to 8.0%. Economists argue that domestic demand is strong driven by manufacturing activity, which has enjoyed stability despite rising world oil prices and weak Indian Rupee.
This comes after the recent data pointed to the widening fiscal deficit during the second quarter of the year to 68.7% of the specified target in the general budget, which is a source of concern for officials, but some improvement recorded compared to the same period in 2017 which was 80.8%.
