Indian economy set to perform strongly, but challenges remain
The Dollar Business Bureau While India’s economic outlook remains fairly stable, recent revisions to the national accounts methodology and the revised historical data are lifting the forecast, says FocusEconomics, a Barcelona (Spain) - based research firm in its ‘Consensus Forecast’ on India. The firm’s panellists raised their projections by 0.6 percentage points in March 2015. The panel now expects GDP to increase 7.1% in FY 2015-2016. For FY 2016-2017, the panel sees the economy expanding 7.6%. The report added, India’s external sector showed that the trade deficit totalled USD 6.8 billion in February, which was below the USD 8.3 billion shortfall observed in the same month last year. February’s result represents the lowest deficit in 17 months. In the 12 ...
