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Economy in 'dense fog', reforms such as GST induced significant uncertainty: Credit Suisse
According to findings by the financial service major, government spending growth is slowing down sharply, while half of the population is seeing weak income growth. Despite good monsoon resulting in agriculture volume growth pickup in 2016-17, low food prices moderated overall gross value of output, Mishra said. Further, he also said that various indicators like oil demand is still weak although it is showing a pick up.
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