INSUBCONTINENT EXCLUSIVE:
expected to accelerate moderately to 7.5 per cent in fiscal year 2019-20, driven by continued investment strengthening, particularly
private-improved export performance and resilient consumption, the World Bank has said
The real GDP growth is estimated at 7.2 per cent in FY 2018/19, the World Bank said in its latest report on South Asia on Sunday ahead of
Industrial growth accelerated to 7.9 per cent, making up for a deceleration in services
Meanwhile, agriculture growth was robust at four per cent
On the demand side, domestic consumption remained the primary growth driver, but gross fixed capital formation and exports both made growing
Over the last quarter, growth is expected to remain balanced across sectors, the report said.Inflation dynamics have been subdued over most
of FY 2018/19, the report said
The World Bank said India's GDP growth is expected to accelerate moderately to 7.5 per cent in FY 2019/20, driven by continued investment
recover, inflation is expected to converge toward four per cent, it said, adding that both the current account and the fiscal deficit are
projected to decline, albeit slowly (to 6.2 and 6.0 per cent of GDP in FY19/20 and FY20/21 respectively)
As the center's deficit is budgeted to remain unchanged at 3.4 per cent of GDP in FY19/20, the burden of adjustment will rest on the
2.6 per cent in February 2019, and the average for FY 2018/19 so far at 3.5 per cent, well below the RBI's target-midpoint of four per
the report said that the current account deficit widened in FY 2018-19
India's external position worsened significantly in the first half of FY 2018-19, as large portfolio outflows were triggered by US
monetary policy and fears of contagion from stress in some emerging market economies
then, the decline in oil prices and the United States Fed signaling a slower pace of normalisation than initially anticipated led to a
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