The Indian economy will grow at 7.2% in 2018 and accelerate to 7.4% in the following year as a result of robust private consumption, public investment and structural reforms, but it still faces the risk of sudden capital withdrawal on account of monetary policy normalization in developed countries, a United Nations report said. The report also forecast that inflation in India will be 4.5% in 2018 and 4.8% in 2019, slightly above the Reserve Bank of India’s (RBI) medium-term consumer price index-based (CPI-based) inflation target of 4%.

(Live Mint)