HDFC Mutual Fund, the second largest fund house nationally, expects gross domestic product or GDP of India to further accelerate on the back of healthy macro economic indicators along with improvement in capex in housing, urban infrastructure and defence.
"Macro economic parameters of India like fiscal deficit, current account deficit, FDI, inflation are healthy which would help growth to further accelerate with improvement in capex in housing, urban infrastructure, defence, " the fund house said in its outlook report for FY 19.
