(https://www.facebook.com/pages/Bsc4success/1634352040111923?

(https://twitter.com/bsc4_success)
(https://plus.google.com/u/1/)
(https://www.linkedin.com/hp/? Navigate

ref=hl) dnr=g4hhvxdjczdT4JQtgR8zS84lkzs0jJljBFf7&trk=nav_responsive_tab_home)

(https://bsc4success.com/)

Home (https://bsc4success.com) Posts (https://bsc4success.com) ADB lowers India growth outlook to 7% for 2017-18

ADB lowers India growth outlook to 7% for 2017-18

1 day ago 0 Comments 93 view(s)

ADB lowers India growth outlook to 7% for 2017-18

The Asian Development Bank has lowered Indias growth forecast to 7 per cent for 2017-18 from its earlier estimate of 7.4 per
cent owing to weak private consumption and business investment and muted manufacturing output. It has also scaled down its
outlook for 2018-19 at 7.4 per cent from the previous projection of 7.6 per cent.

The projections, which are part of the update to the Asian Development Outlook 2017 that was released in April, also factor in the
first quarter GDP growth that was at a three-year low of 5.7 per cent.

Inflation, on the other hand, is expected to average 4 per cent this fiscal and 4.6 per cent next fiscal, significantly lower than the
previous estimates of 5.2 per cent and 5.4 per cent, respectively.

However, the multilateral lender said India continues its strong showing although demonetisation and implementation of the new
goods and services tax regime have dented consumer spending and business investment. These short-term disruptions, ADB
stated, are expected to dissipate allowing these initiatives to generate growth dividends over the medium term.

The latest ADB report remains sanguine for much of the developing Asia in growth metrics as a result of the broad-based recovery
in global trade, robust expansion in major industrial economies and improved prospects of China. This will all combine to push
growth in the developing Asia for 2017 and 2018 above previous projections, it added.

According to ADB Chief Economist Yasuyuki Sawada, growth prospects for the developing Asia are looking up, bolstered by a
revival in world trade and strong momentum in China. Countries in developing Asia should take advantage of favourable short-
term economic prospects to implement productivity-enhancing reforms, invest in badly needed infrastructure, and maintain sound
macroeconomic management to help increase their long-term growth potential, he added.

ADB said loose fiscal policy in the US and lower oil prices are potential upside risks to the region while downside ones include
tighter global liquidity, economic disruption from a geo-political event, or a weather-related disaster.
 Source- The Hindu Business Line

Total Share: 3 Share 0 Share 1 Share 1 Share 1

Leave Your Comment

Your name...

Your email...

SUBMIT YOUR COMMENT

SEARCH YOUR TOPIC

Enter Your Keyword...

RBI RATES & RATIOS

Policy Repo Rate: 6%

Reverse Repo Rate: 5.75%

Marginal Standing Facility Rate: 6.25%

Bank Rate: 6.25%

CRR : 4%

SLR : 20%

Q. How much questions did you attempt in the IBPS RRB Office Assistant Pre Exam 2017?

Above 75

71-75

66-70

61-65

56-60

51-55