India’s economy will grow at the fastest pace through 2040 and the country’s oil demand growth will remain the fastest globally, in a market that will likely require investments of over $11 trillion.
The Reserve Bank expects India’s economic growth rate to accelerate to 7.4 per cent in the current financial year on pick up in industrial activity and good monsoon.
The Indian economy is likely to have witnessed solid economic growth in the April-June quarter but leading indicators suggest a slowdown in the coming months, says a Nomura report.
According to World Bank’s South Asia’s Hotspots: The Impact of Temperature and Precipitation Changes on Living Standards, varying rainfall patterns and rising average temperature due to global warming could shave 2.8% off India’s GDP by 2050.
India To Meet Fiscal Deficit Target Of 3.3%; Oil Prices May Widen Current Account Deficit In Fy19: Moody’s
Moody’s Investors Service expects India to meet its fiscal deficit target of 3.3 percent of GDP for the financial year ending March 2019, the rating agency said in a statement on June 7.
The “hand of government” was the main driver behind the rise in January-March GDP growth to 7.7 per cent — the fastest pace in seven quarters — as exports and private consumption disappointed, says an HSBC report.
India needs to imagine what its economy would look like. India needs to imagine what its cities would look like, said an influential economist. For India to have an economic growth like China, it needs to focus on just one thing and that is infrastructure,
India outpaces China in Q1 2018: Fastest GDP growth since demonetisation, GST, says poll; what lies ahead
India’s economy probably gained a little momentum in the first three months of 2018 which should ensure that it remains the world’s fastest growing major economy, a Reuters poll found.
The Central Statistics Office (CSO) will be releasing growth estimates for Q4 and 2017-18 next week on May 31.
India’s economy will grow 7.3% in the current financial year and gain pace to 7.5% next year as the “temporary drag” from demonetisation and the goods and services tax fades away, Fitch Ratings forecast.