December 2016 Current Affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS

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

Moody's says India less exposed to external factors, pegs GDP growth at 7.5% in 2016

Moody's says India less exposed to external factors, pegs GDP growth at 7.5% in 2016
21 May 2016 Current Affairs: Global ratings agency Moody’s Investors Service estimates India’s economic growth at 7.5 per cent in both 2016 and 2017. Unlike China, it says, this country is less exposed to external headwinds and would benefit from lower commodity prices.

The economy grew 7.5 per cent in the first nine months of FY16. So, Moody’s does not expect higher expansion. It also said an otherwise robust economic environment faces hurdles in the form of banks’ balance sheet repair and high corporate debt.

The 23.55 per cent increase in public sector salaries proposed by the 7th Pay Commission is worth 0.7 per cent of gross domestic product (GDP). It is not yet known how this proposal will be implemented but higher public sector wages will most likely contribute to strong consumption growth,” it said. Moody’s rating for India sovereign debt is Baa3, the lowest investment grade.

The ratings agency added the pay increase will also probably raise inflationary pressure. “However, we assume the government will cut spending to maintain the deficit in line with the 3.5 per cent of GDP objective, thereby mitigating some of the inflationary effects.

In its report, Global Macro Outlook 2016-17: Global growth faces rising risks at time of policy constraint, it cautions that a robust economic environment is constrained by “banks’ balance sheet repair and elevated corporate debt” and “corporate pricing power being limited by the impact on food price inflation and households’ budgets of consecutive droughts.

Gross non-performing assets of public sector banks crossed Rs 4.04 lakh crore by December-end 2015, a rise of 450 per cent since March 2011.

Moody’s said global growth would fail to pick up steam over the next two years, as a slowdown in China, lower commodity prices and tighter financing in some countries weigh on economies.


December 2016 Current affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS

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



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.