December 2016 Current Affairs

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Indias GDP to grow at 7.5% for 2016-17

Indias GDP to grow at 7.5% for 2016-17
04 May 2016 Current Affairs:

International Monetary Fund (IMF) in its April 2016 Regional Economic Outlook for Asia and the Pacific forecast retained India’s growth rate at 7.5 percent for the year 2016.The IMF report titled Regional Economic Outlook: Asia and Pacific, Building on Asia’s Strengths during Turbulent Times said that this growth momentum is expected to be underpinned by private consumption, which has benefited from lower energy prices.It said that India that had a GDP growth rate of 7.3 percent in 2015 will have 7.5 percent growth in 2016 and 2017.But it called on the policy makers to speed up the structural reform implementation. It suggested them to capitalise on the favourable economic momentum to speed up the structural reform implementation.An incipient recovery in private investment is expected to help broaden the recovery.

But the IMF also observed that weak exports and sluggish credit growth will weigh on the Indian economy.It said that the growth in Asia and the Pacific is expected to be 5.3 percent in 2016-2017, marginally lower than the previous estimate of 5.4 percent.In context of China and Japan, it said that the two nations will continue to face challenges. China's growth is forecast to moderate from 6.9 percent in 2015, to 6.5 percent in 2016 and 6.2 percent in 2017. Japan's growth is expected to continue at 0.5 percent in 2016, before dropping to -0.1 per cent in 2017.




December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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