March 2010
News    |   New Media   |   Advertising   |   Communications   |   Films   |  Events
 

India's economy likely to grow at 7.3% this fiscal: Report

PTI

New Delhi: Economic growth in India is expected to strengthen to 7.3 per cent in financial year 2018-19 on the back of robust activity from construction, manufacturing, and services sectors, says a report.

According to a BMI Research, a Fitch group company, the negative shock from demonetisation and GST implementation has "largely subsided".

"We expect India's economic growth to strengthen to 7.3 per cent in financial year 2018-19 (April-March) from 6.6 per cent in fiscal 2017-18 on the back of robust activity from the construction, manufacturing, and services sectors," the report said.

As per the report, construction is likely to receive a boost from increased public infrastructure spending aimed at improving the nation's transport and rural infrastructure. Besides, solid economic activity in the US and the UAE, would also support a further expansion of the export manufacturing sector.

Moreover, "continued economic liberalisation by the NarendraModi administration will likely provide tailwinds for India's large services sector, which accounts for slightly more than half of the economy," the report noted.

Another factor that is expected to boost growth is the rise in foreign direct investment (FDI) as a result of ongoing improvements to domestic business conditions and regulatory amendments to encourage higher foreign investor participation such as the liberalisation of domestic single brand retail trading to 100 per cent ownership through FDI.

BMI Research has a mixed growth outlook for South Asia in 2018.

"While we forecast growth to pick up in India and Sri Lanka due to a recovery in manufacturing, services, and construction, growth is likely to slow in Bangladesh and Pakistan due to factors such as rising political uncertainty and increasing economic imbalances, respectively," it said.

 

 

 

 

 

 

 

 

 

 
  Home
  Newsroom
  Online edition
  News analysis
 
  Opinion – All Opinion
  • Letters to the editor
  • Corresspondents Diary
  • Debates
 
  World Politics - World   This Week
  Special Report
  
  Business- This Week
  • Leadership and Change
  • Executive Education
  • Marketing & Innovation
  • Strategic Management
  • Politics and Public Policy
  • Human Resources
  • Business Ethics
  • Innovation and Entrepreneurship
 
  Special Sections
  Books & Art
  City Briefings
  
  
 
Privacy Policy | Terms & Conditions | Subscribe
Copyright © Conversations Online 2010. All rights reserved.
SPONSORS FEATURE
About Sponsorship :
Selected sponsors provide financial support for parts of Conversationsonline.org in return for the display of their name, logo and links to their site(s) on those sections. Conversationsonline retains full editorial control, giving no sponsor any influence whatsoever over any content, including choice of topics, the views expressed, or the style of presentation of any content.