India’s GDP growth likely at 7.1% in 2017-18: HSBC

On the Reserve Bank's monetary policy stance, the report said the room for a rate cut is "dwindling".India is expected to clock a GDP growth of 7.1 per cent in 2017-18 as the country gets sufficiently remonetised and the schemes in the Budget play a supportive role, says an HSBC report.

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