India to grow at 7.4% in FY19: IMF
The Dollar Business Bureau International organisation International Monetary Fund (IMF) on Monday projected India’s gross domestic product (GDP) growth at 7.4% in the financial year 2018-19, making India being the ‘fastest-growing’ economy among the emerging economies. “India is forecast to grow at 7.4% in 2018-19 against 6.7% this year, gaining pace to 7.8% in 2019-20,” the IMF said in its report World Economic Outlook: Brighter Prospects, Optimistic Markets, Challenges Ahead. China’s economy growth rate at 6.8% in 2017 was higher than India’s 6.7% but the former’s growth will slip to 6.6% next year. In 2016, India’s economy grew at 7.1% but slowed in 2017 due to demonetisation and rollout of GST. The IMF kept the aggregate growth projections unchanged for emerging markets and developing ...
S&P calls India's fiscal deficit target 'reasonably ambitious'
The Dollar Business Bureau "The negative effects of India's demonetisation on economic activity have begun to reverse. However, it is still far from returning to pre-November 2016 trends," a report from S&P Global Ratings revealed. Earlier, the global rating agency had predicted a disruptive impact of the note-ban in rural areas, unorganised sector, and other businesses that run on cash. It had also, like IMF, revised its growth forecast for India to 6.9%, a revision of one full percentage point downwards. IMF has given a worse estimate of 6.6% in 2016-17. This revision by international rating agencies was done to take into account the economic disruption and slowdown caused by demonetisation. The fiscal deficit target of 3.2% for 2017-18, as announced by FM ...
Regulatory hurdles need to be removed for 8% GDP growth rate
The Dollar Business Bureau The government on Thursday admitted that a lot needed to be done to keep India on a targeted growth rate of 8% over the next few years. "We need to work harder with states to remove all regulatory hurdles still prevailing at the lower level," Commerce Minister Nirmala Sitharaman said at the 32nd edition of the India Economic Summit on Thursday. Last month, India registered a 16 point jump in the world competitiveness index. Sitharaman said we need to ensure that whatever foreign investment the country receives should be into rapid output, exports, which will lead to creation of jobs, thereby ensuring a multifarious growth of the country. NITI Aayog CEO Amitabh Kant, who was also ...
Indian economy to grow at 7.4% in 2016-17: OECD
Some of the key factors including strengthening investments, particularly FDI, and sustained growth in consumer spending, bolstered by moderate inflation and favorable demographics will propel Indian economic growth The Dollar Business Bureau Moodys expects GDP per capita to increase by 34% in real terms in India, compared with only 3.6% in the G20 emerging markets excluding China and India Betting big on Indias economic growth prospects, Paris-based think-tank Organisation for Economic Cooperation and Development (OECD) on Thursday revised Indias GDP growth rate to 7.4% for the financial year 2016-17 from its last years projected 7.3%. India will continue to grow robustly, by 7.4% in 2016 and 7.3% in 2017, OECD said in its Interim Outlook Report released Thursday. Meanwhile, referring to a faltering Chinese ...
'Indias $900-bn export target may hit structural bottlenecks'
The study suggests India to undertake massive investments in vocational ecosystems and infrastructure development to become a world-class exporting hub The Dollar Business Bureau Because of not being a part of the TPP, India may risk losing out a significant chunk of its export market to rivals India may not achieve its ambitious target of doubling its exports to $900 billion by fiscal 2020 from the current level of $470 billion due to various structural challenges, a study has said. While the newly-agreed Trans-Pacific Partnership (TPP) and the global cyclic slowdown are the current major deadlocks, the bigger challenge of the countrys export is structural, said CRISIL in its latest research. Falling trade intensity of global growth is the external structural constraint while declining ...
Indian economy grows at 7.4% in July-Sept quarter
Finance Ministry expects Indias economy to grow at about 7.5% during the current financial year. The Dollar Business Bureau The biggest surprise was recorded in the agriculture sector, which grew at 2.2% despite a 14% deficiency in monsoon this year. Indias Gross Domestic Product (GDP) grew by 7.4% during the second quarter of 2015-16, said a data released by the Central Statistics Office (CSO). The biggest surprise was recorded in the agriculture sector, which grew at 2.2% despite a 14% deficiency in monsoon this year. GDP at constant (2011-12) prices in July-September of 2015-16 is estimated atRs. 27.57 lakh crore as againstRs.25.66 lakh crore in July-September of 2014-15, showing a growth rate of 7.4%, said the Central Statistics Office (CSO), Ministry of Statistics and ...
