Vol. 8, Issue 10, Part D (2022)

Abstract
Concerns have been expressed about the growing trend of protectionism in some countries and it is still clear how the situation will develop. In addition, the average price of crude oil in Indian scenario increased 14% in 2017-18 (mid-January 2018) compared to 2016-17. According to recent trends, average crude oil prices are around $ 56- $ 57 per barrel in the current fiscal year, and can raise 10-15% in 2018-19. Some of these factors could affect GDP growth next year. However, as global economic growth is expected to show modest improvement in 2018, expectations for growth in GST stability, recovery in investment levels and ongoing structural reforms are generally expected to improve as the country's economic performance improves in 2018-19 do.