'Economy is facing several pools of uncertainty'

Looking forward, it does appear that GDP growth will move towards the 7.5% mark with a downside risk in case the present liquidity crunch affects prospective investment.

The Indian economy has several pools of uncertainty on an otherwise straight upward path. This was engendered by the oil crisis, trade wars and Federal Reserve action which was then joined by the liquidity crunch which put a second question mark on growth prospects. The real sector hence while looking good as indicated by GDP, IIP and core sector growth, now enters a clouded terrain with the financial indicators being different from what they were till March 2018.

Looking forward, it does appear that GDP growth will move towards the 7.5% mark with a downside risk in case the present