Led by India, South Asia will continue to be the fastest growing economic area despite new trade tensions in Asia and Pacific region, Asian Development Bank (ADB) said in a new report today.
India’s growth remains “quite robust” into the future, the IMF has said despite slightly downgrading the country’s growth projection for 2018-19 due to high oil prices and a tight monetary policy regime.
In a good news, India has now become world’s sixth-largest economy, pushing past France, according to the updated World Bank figures for 2017. France has been pushed to seventh spot in the list,
India has become the world’s sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017.
Foreign direct investment (FDI) in India seems to be petering out with the inflows growth rate recording a five-year low of 3 per cent at USD 44.85 billion in 2017-18.
What’s the best way to solve the stressed assets problem in the power sector? That’s a $53-billion (₹ 3.6 trillion) question. According to Bank of America Merrill Lynch, that’s the total amount of stressed debt in the power sector.
Indian economy can clock double-digit growth before the current financial year 2018-19 comes to an end, interim Finance Minister Piyush Goyal said today at an event in Delhi.
Moody’s Investors Service has cut India’s GDP growth forecast to 7.3 per cent in 2018, from previous forecast of 7.5 per cent due to higher oil prices and tighter financial conditions.
India’s economy is projected to grow 7.6% in fiscal year 2018-19, remaining the fastest growing economy in the world, as robust private consumption and benefits from past reforms help the country’s GDP gain momentum but sustained recovery in private investment remains a crucial challenge, according to a UN report.
Just as the Indian economy was limping back to normalcy after an elongated period of subdued growth, oil prices have thrown a spanner in the works right on cue.