Healthy path for recovery
Forecasting ahead, OECD lists factors for upturn from 2018 onwards.
Finance Minister Arun Jaitley may derive some cheer with a more meaningful agenda boost from OECD, as he starts work on a challenging budget for 2018-19. More taxes are to augment revenues and monetary easing in 2018 are being held up to accelerate recovery in 2018-19. OECD notes after suffering from a temporary setback, the economy is "bouncing back".