(LiveMint)
India is witnessing a revival in investment activity after several quarters of downturn, putting the nation’s economic recovery on a surer footing, Reserve Bank of India (RBI) governor Urjit Patel said at the International Monetary and Financial Committee meeting in Washington DC.
“There are now clearer signs that the revival in investment activity will be sustained. Global demand has been improving, which should encourage exports and boost fresh investments. On the whole, real GDP growth is expected to expand at 7.4% in 2018-19, with risks evenly balanced,” Patel said, speaking on behalf of finance minister Arun Jaitley, who missed the spring meeting of the International Monetary Fund due to health reasons.
