S&P pegs India's GDP growth at 8% in coming two years
Advertisement
Advertisement
International credit rating agency Standard & Poor's (S&P) has optimistically pegged India’s GDP growth at about 8% in the next two years. "Growth quality in India continues to improve and we forecast its GDP expanding by about 8% in fiscal year 2017 and 2018," said "APAC Economic Snapshots--July 2016," from S&P.
This rate is way above the forecasts done by other international agencies, including IMF’s 7.4% growth forecast.
However, there is a note to this growth, asking India to include a good selection of
"That view is predicated on the steady, ongoing structural reform push, including GST passage, a good monsoon season this year, and a wise choice to head the Reserve Bank," S&P said.
Advertisement
Image source
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Consuming excessive salt and inadequate potassium, protein is making North Indians prone to life-threatening diseases: Study
- Upcoming cars and two-wheelers launching in India in April 2024
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO