India to clock 7.1% GDP this year, 7.5% in 2018: UN report
PTI India is expected to clock 7.1% growth this year before edging up to 7.5% in 2018, according to a UN report, which warned that the country faces heightened risks related to the concentration of bad loans in the public sector banks. The UN Economic and Social Commission for Asia and the Pacific (ESCAP) said in its annual flagship report 'The Economic and Social Survey of Asia and the Pacific 2017' launched yesterday that the economic growth for India is projected to be stable at 7.1% in 2017 before edging up to 7.5% in 2018, underpinned by higher private and public consumption and increased infrastructure spending. Growth in India is forecast at 7.1% this year as "re-monetisation restores consumption, ...
India is likely to grow at 7.6% in 2017: UN report
The Dollar Business Bureau India's economy is likely to grow at the rate of 7.6% in 2017 led by rebound in investment and strong manufacturing base coupled with the implementation of Seventh Pay Commission and Goods and Services Tax (GST) regime, said a UN study.“India's economy is projected to sustain a 7.6% growth rate in both fiscal years 2016-17 and 2017-18,” as per the year-end update of the UN’s flagship report Economic and Social Survey for Asia and the Pacific 2016.The continuing structural reforms are likely to benefit the private investment in the country. In India, though the economic growth in first quarter April-June of current fiscal was moderate due to shrinkage in fixed investment, a recovery is expected, the report said.“Initially, the growth ...
India top exporter of information, communication technology: UN
The Dollar Business Bureau A UN agency report has ranked India as the world’s top exporter of information and communication technology, while recommending that the country should leverage its position to innovate in areas where materials sciences and biology intersect with computing. India jumped 14 places to acquire 61st position this year from the 85th rank in the latest Global Innovation Index (GII). The World Intellectual Property Organisation (WIPO) in collaboration with the Confederation of Indian Industry (CII) on Monday released the report in Geneva. India ranked 8th in producing graduates in engineering and science. But it witnessed a maximum improvement in human capital and research as it moved up 40 places to rank 63. The United Nation’s (UN) specialised agency WIPO, along with Cornell University and INSEAD Business School ...
India pips global trend to register 26% FDI growth in 2014: UN
The Dollar Business Bureau Close to International Monetary Fund (IMF)’s report stating that India’s growth rate is expected to grow at 6.3 per cent in 2015 and 6.5 per cent in 2016, a latest report by United Nations (UN) says quoted, “India’s FDI increased by 26% in 2014 to an estimated US $35 billion with maximum growth in the services sector.” China toppled the US in 2014 as the world’s largest recipient of FDI — a position that the US had been holding almost consistently since the 1980’s — though with a modest increase of 3%, the latest ‘Global Investment Trade Monitor’ report released by United Nations Conference on Trade and Development said. The propping up of FDI in China is mainly ...
