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Mumbai, May 10, (
According to the United Nations report, India's growth rate declined in 2017 due to the poor performance of goods and services, along with corporate goods and banking. However, the Indian economy is expected to reach 7.2 percent in 2018 this year. The latest uneconomic and Solid Commission for Asia and the Pacific (ESC) has created a report on the economy in Asia Pacific countries. India's GDP growth slipped to 6.6% in 2017 Earlier in the year, the figure was 7.1 percent. However, the 7.2 percent growth rate for the current year is expected to be 7.4 percent. The economy of Asia Pacific countries is projected to be 5.8 percent in 2017 and 5.4 percent in 2017. But next year, the growth rate is expected to be 5.5 percent, while China's growth rate will be lower, while the growth rate in India will be steadily rising.


Presently, the corporate sector has become accustomed to GST and private investments are likely to increase, according to the report, adding that India has a large share of funding for infrastructure and improving bank balance sheets. Tax reforms have led to the tax hike and said that there is a possibility of 8 percent increase in GDP growth. The corporate and bank balance sheets are weak because of investors. The reduction in interest rates has shown that the country is not investing in the country. Expressing concern over the growing numbers of banks. UN Under-Secretary-General Shamshad Akhtar said that the implementation of the recommendations of the Seventh Pay Commission will affect the inflation. Akhtar explained that the new technology and the creation of job opportunities are also a big challenge. In addition to income and inequalities will increase. 

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