India to grow at 7.4% in FY19: IMF
The Dollar Business Bureau International organisation International Monetary Fund (IMF) on Monday projected India’s gross domestic product (GDP) growth at 7.4% in the financial year 2018-19, making India being the ‘fastest-growing’ economy among the emerging economies. “India is forecast to grow at 7.4% in 2018-19 against 6.7% this year, gaining pace to 7.8% in 2019-20,” the IMF said in its report World Economic Outlook: Brighter Prospects, Optimistic Markets, Challenges Ahead. China’s economy growth rate at 6.8% in 2017 was higher than India’s 6.7% but the former’s growth will slip to 6.6% next year. In 2016, India’s economy grew at 7.1% but slowed in 2017 due to demonetisation and rollout of GST. The IMF kept the aggregate growth projections unchanged for emerging markets and developing ...
Youve got to take the good with the ugly!
TPP is all about United States seeking more influence in the Asia-Pacific region and, of course, its desperation toward re-writing therules of global trade sans China Manish K. Pandey |The Dollar Business While US is Indias biggest trade market constituting about 13% of its total merchandise exports, the other 11 members of the TPP collectively account for about 11% of Indias total merchandise exports The Trans-Pacific Partnership (TPP) was finally agreed upon by the member countries last month after more than five years of discussions. Arriving at the accord was no mean feat given the diverse and competing interests of a dozen of nations: United States (US), Canada, Japan, Australia, New Zealand, Brunei, Mexico, Peru, Chile, Singapore, Malaysia and Vietnam. The mega-trade bloc ...
