The service sector will remain the driver of India’s economic growth

India's service sector

Due to initial GST implementation and demonetization, India’s GDP growth saw a temporary dip in the last two quarters of 2016-17. The activity of India’s GDP growth has begun to stabilize since August 2017 which continues in the first quarter of 2017-18. The agriculture sector and the manufacturing sector are also expected to accelerate its results in 2018-19 and 2019-20. The policy reforms like energy subsidy reforms and stable balance of payment situation have helped India in improving the ease of doing business, ease inflows of foreign direct investment, and…

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