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News Business BJP's victory rekindles hope for structural reforms: Goldman

BJP's victory rekindles hope for structural reforms: Goldman

New Delhi: A clear mandate for the BJP has rekindled hope for structural reforms and better investment climate and the country's growth is likely to accelerate to 6.5 % in FY16, a Goldman Sachs report




 
The new government's reforms agenda includes removing supply-side bottlenecks to growth, reducing the fiscal deficit, incentivising infrastructure investment, focusing on labour incentive manufacturing and improving governance, the report said.
 
Inflation is likely to remain “elevated” in the current financial year as the monsoon is predicted to be below normal. Goldman's forecast for CPI is 8 % for FY15.

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