RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-07-04 16:10:00

INDIA'S GDP WILL UP 7%

INDIA'S GDP WILL UP 7%

ANIndia predicted on Thursday that economic growth in the current fiscal year could rise to 7 percent from 6.8 percent for the year that ended March 31, which was the slowest pace in five years.

The government's economic survey, presented to parliament on Thursday, said India will face a challenge on the fiscal front following an economic slowdown impacting tax collections amid rising state expenditure on the farm sector.

The projection comes a day before the government is due to unveil its budget for the 2019/20 year.

"The GDP growth of 7 percent for FY20 projected by the Economic Survey is in line with our expectations. High-frequency indicators show that growth in Q1FY20 remained weak and we expect Q2 to remain weak as well," said Anagha Deodhar, economist at ICICI Securities.

"Assuming inflation of 3.7 percent in FY20, nominal GDP growth for FY20 is likely to be ~10.7 percent. Hence, we expect the government to revise the tax collection target downwards.

"While aggregate capex growth is showing signs of bottoming out, it is largely driven by PSUs, while private capex growth remains weak. Hence, a broad-based and meaningful recovery in capex growth could take some time.

"The survey argues that accommodative monetary policy is likely to cut real lending rates, however, we believe slow transmission is likely to limit gains."

-----

Tags: INDIA, GDP, ECONOMY, FINANCE
Chronicle:
INDIA'S GDP WILL UP 7%
2021, September, 17, 11:47:00
ENERGY TRANSITION TO CARBON NEUTRALITY AS A FACTOR OF UNPRECEDENTED ACCELERATION OF GLOBAL WARMING
The article reveals the reasons for the unprecedented acceleration of global warming, which was reported by the IPCC in the report "Climate Change 2021", offers proposals for their elimination, as well as for eliminating their consequences.
INDIA'S GDP WILL UP 7%
2021, September, 17, 11:45:00
NO NUCLEAR FOR SPAIN
Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.
INDIA'S GDP WILL UP 7%
2021, September, 17, 11:40:00
WIND ENERGY FOE CHILE 980 MW
The US$700m project, which is expected to generate 2 TWh/year, will include 140 turbines with a maximum power of 7 MW.
INDIA'S GDP WILL UP 7%
2021, September, 17, 11:35:00
U.S. OIL INVENTORIES DOWN BY 6.4 MB TO 417.4 MB
U.S. commercial crude oil inventories decreased by 6.4 million barrels from the previous week to 417.4 million barrels.
INDIA'S GDP WILL UP 7%
2021, September, 16, 14:00:00
OIL PRICE: ABOVE $75
Brent was up 11 cents, or 0.2%, to $75.57 a barrel, WTI was up 11 cents, or 0.2%, to $75.57 a barrel.
INDIA'S GDP WILL UP 7%
2021, September, 16, 13:50:00
EUROPEAN CLIMATE ADAPTATION
Adaptation measures include flood prevention measures and renovating buildings to make them more resilient to extreme temperature. The changes required vary across the continent, but recent events have shown that climate change poses a threat to Europe’s cities.
INDIA'S GDP WILL UP 7%
2021, September, 16, 13:45:00
GAS IS A KEY
Despite adaptations of new fuels and technologies to help achieve the net-zero goal, natural gas will continue to play a vital function for the foreseeable future.
All Publications »