INSUBCONTINENT EXCLUSIVE:
likely to grow near trend despite external and domestic challenges
domestic product (GDP) grew 8.2% in the April-June quarter propelled by a double-digit growth in manufacturing and better farm sector
performance after growing 6.7% in 2017-18.
India has been trying to curb its current account deficit (CAD) which jumped to 2.4% of GDP in
the first quarter of 2018-19 against 1.9% in FY18 on the back of depreciation in the rupee and a surge in the price of crude oil.
The report
noted that the picture in G-20 emerging markets is more varied
Their growth in 2019 will be meaningfully slower in 2019 than in 2018, at around 4.6% against 5.0% in 2018, it said.
Moreover, a number of
Europe, political risks include the uncertainty around economic and fiscal reforms following the election of Jair Bolsonaro in Brazil, the
larger emerging markets, like India, Indonesia, Brazil, Turkey and Argentina, to continue monetary tightening in 2019.
Rising global
interest rates, tightening global liquidity conditions and elevated oil prices leave few emerging markets with any further capacity to ease,
