Credit Suisse said it believes that India’s macroeconomic parameters should improve during 2018. However, economic growth is likely to be weaker than currently expected. “Structural reforms have weakened visibility on most macroeconomic parameters. We have long considered India as being a ‘house under renovation’: structural reforms such as the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC) and the setting up of Real Estate Regulators (RERA) in states, while structurally positive, have introduced significant uncertainty around growth, fiscal deficits, inflation, interest rates and banking system health,” said Neelkanth Mishra, managing director and India Equity Strategist at Credit Suisse.