Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
RSS

News

India’s GDP growth to rise to 7.5% this fiscal: Report

Author: PTI/Friday, August 3, 2018/Categories: Economy

India’s GDP growth to rise to 7.5% this fiscal: Report

New Delhi - India's economic growth momentum is likely to pick up further in the April-June period and the country is expected to clock GDP growth of 7.5%  in this financial year, says a Morgan Stanley report.

According to the global financial services major, the growth recovery will remain robust, supported initially by consumption and exports.

In the January-March quarter, India's gross domestic product (GDP) grew at the fastest pace in seven quarters at 7.7% on robust performance by manufacturing and service sectors as well as good farm output.

"In aggregate, we expect GDP growth to pick up to 7.5% in this financial year as against 6.7% in 2017-18," Morgan Stanley said in a research note.

According to Morgan Stanley, the macro-stability indicator of the economy like inflation and current account deficit are likely to be in check.

The report forecasts Consumer Price Index (CPI) inflation to remain slightly above the inflation target of 4 per cent and the current account deficit below 2.5% of GDP.

On inflation, the report said upside risks could emerge from a weak monsoon and also the implementation of the minimum support price hikes.

High frequency indicators point towards a further pickup of growth in April-June period, though the strength has been reflected more in demand indicators as compared to the production side, the report said.

The report, however, noted that the risks to this growth outlook could stem from slower global growth or a rise in trade tensions impacting external demand.

Moreover, a sustained, sharp rise in oil prices, a further rise in US rates and persistent US dollar strength, a delay in pickup of private investment and an adverse impact from a weak monsoon could impact the country's growth momentum.

Print Rate this article:
No rating

Number of views (177)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free