Indian economy growth News
India's economy is running at full speed, on the other hand Pakistan's speed is 0.29%. Pakistan had earlier estimated 5 percent. According to the new report, till 2024, Pakistan will continue to repay its debt.
Asian Development Bank (ADB) has slashed India's economic growth projection for 2022-23.
GDP growth is revised down from ADO 2022's forecasts to 7 per cent for FY2022.
ADB expects the Chinese economy to expand by 3.3 per cent in 2022 rather than the 5 per cent forecast earlier.
This is borne by GDP growth of 7.6 percent in the first half of 2018-19.
Moody's said the economy grew 7.9 percent in the first half (January-June) of 2018, which reflects post demonetisation base effect.
Jaitley claimed that despite the slowdown, as per the IMF, India was the fastest growing major economy in 2016 and second fastest growing major economy in 2017 in the world.
He was apparently referring to the core sector growth rebounding to a five-month high in August while manufacturing activity expanded for the second month running in September.
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Raman Singh, currently on an official tour of the US, will meet investors, experts and companies in Chicago, New York and San Francisco inviting investments in the mineral rich Chhattisgarh.
India is better placed than many of its peers after the American central bank - the US Federal Reserve - raised its key interest rates, said credit rating agency Fitch Ratings on Thursday.
The government is likely to revise downwards the GDP growth forecast for the current fiscal when it presents the Mid-Year Economic Review in Parliament on December 18.
Confident that Indian economy is increasingly on a stable footing, IMF today said further progress is required on the long-standing supply bottlenecks and for achieving faster and more inclusive growth.
India needs USD 800 billion (Rs 50 lakh crore) annually if the economy is to grow at 7 percent, Financial Services Secretary Hasmukh Adia said Monday.
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