54381
India’s Real GDP Growth to Slow
India’s Real GDP Growth to Slow

India’s Real GDP Growth to Slow

India’s Real GDP Growth to Slow

The pace of India’s real GDP growth is likely to come down to 6.5% in the current financial year on the likely impact of demonetization, while muted inflation might open room for additional rate cuts, a Deutsche Bank report said, PTI reported. Economic growth will see a moderation in the near term and will gradually recover to 7.5% in the next financial year, the global financial services major said. “We expect growth to be impacted adversely in the present and next quarters due to the government’s temporary de-monetization initiative,” said the note, adding that GDP will moderate to 6.5% in 2016-17, and gradually recover to 7.5% in FY 2017-18. According to the report, the government might increase public spending from next year to offset the likely lingering impact of a slower growth in the informal economy. The Reserve Bank of India is also likely to keep monetary policy accommodative for a prolonged period, which will help private consumption to recover once again in the next year, especially in the second half.

 

Short URL : https://goo.gl/kU2o7A
  1. https://goo.gl/JcXDM4
  • https://goo.gl/jplnCD
  • https://goo.gl/7cSdB2
  • https://goo.gl/0fhex4
  • https://goo.gl/QMjfei

You can also read ...

Blue Economy Movement Gaining Traction in Africa
An increasing number of African countries are now embracing...
Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.
Japan and the European Union signed a landmark deal on Tuesday...
The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.
Rising trade tensions between the United States and the rest...
There are indications that investments in digital economy will...
Striking Amazon Employees in Europe Demand Better Working Conditions
Thousands of workers walked off their jobs on Tuesday at...
The parliament approved a five billion pound start-up capital for the fund called “Egypt Fund”.
Egypt is setting up a sovereign wealth fund with a capital of...
SNB to Raise Rates in 2019
The Swiss National Bank will continue tracking its eurozone...
Canada Growth Robust, Housing Sector Cooling
On July 13, the executive board of the International Monetary...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus