×
E-PAPER ▾

E-paper

TOP STORIES

Indian economy to rebound to trend growth of 7.5% by FY20: World Bank

| | New Delhi
Indian economy to rebound to trend growth of 7.5% by FY20: World Bank
The Indian economy is set to revert to its trend growth rate of 7.5 per cent by 2019-20 as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetisation, a World Bank report said on Wednesday.
 
It said that India's GDP growth is projected to reach 6.7 per cent in 2017-18 and accelerate to 7.3 per cent and 7.5 per cent in 2018-19 and 2019-20, respectively.
 
The India Development Update report, which takes stock of the Indian economy, added that reaching growth rates exceeding 8 per cent will require continued reform aimed at resolving issues related to credit and investment, and enhancing the competitiveness of India's exporting sector.
 
"Maintaining hard-won macroeconomic stability, providing a definite and durable solution to the cleaning up of banks' balance sheets, realising GST's growth and fiscal dividend, and regaining momentum on the unfinished structural reform agenda will be key for realising these rates of growth," it added.
 
"Accelerating the growth rate will also require continued integration into the global economy," the report added.
 
 
 
 
 

TOP STORIES

Sunday Edition

View All

Business Corner

24 Jun 2018 | PNS

Book on Renewable Energy Technology Released Hon’ble Union Minister of State (Independent Charge) for Power, New and Renewable Energy, Shri RK Singh released a book titled “Renewable Energy Technology” co-authored by Shri IS Jha, CMD (POWERGRID), Shri Subir Sen, COO (CTU Planning &Smart Grid) POWERGRID, Shri Manish Kumar Tiwari, Asst GM (Smart Grid) POWERGRID and Prof DP Kothari in the august presence of CMD, POWERGRID, senior officials of Ministry of....

Read More

STATE EDITIONS

View All

Sinha takes IIM-R students from ‚ÄėFarms to Frontiers‚Äô

24 Jun 2018 | PNS | RANCHI

Taking the vision of ‘New India’ and the challenges ahead among the aspiring business managers, Minister of State for Civil Aviation, Jayant Sinha discussed elaborately on the concept of ‘Farms to Frontiers’ to accelerate the Gross Domestic Product (GDP) growth rate while addressing the students of new batch of Indian Institute of Management-Ranchi (2018-2020) here on Saturday. Sharing his insights, understanding of business ventures and a few examples from his public...

Read More

Page generated in 0.5294 seconds.