6 takeaways from the un report on the global economic growth
TRANSCRIPT
takeaways from the UN report on the global economic growth6
India's average gross domestic product (GDP) growth estimated to grow by 7.3
per cent in 2016 and 7.5 per cent in 2017, up from 7.2 per cent in 2015.
#1
China will be increasing its GDP by 6.9 per cent and 6.5 per cent for the next
two years.
#2
GDP growth in South Asia —is expected grow by 6.7 per cent in 2016 and
seven per cent in 2017. India's economy accounts for over 70 per cent of the
GDP in South Asia.
#3
Global growth will be slightly higher at 2.9 per cent in 2016 and 3.2 per cent in 2017
#4
India is an exception in the global scene with improved macroeconomic
foundations and economic reforms
#5
Lack of suitable infrastructure, delay in big ticket economic reforms like Goods
and Services Tax and a wide gender gap in employment remain major
challenges to the Indian economy
#6
India’s GDP Projections by other major financial institutions:
INTERNATIONAL MONETARY FUND : 7.3% in the FY16 and 7.5% in FY17
MORGAN STANLEY: GDP growth rate to accelerate gradually
WORLD BANK: 7.9% in the next two years
ASIAN DEVELOPMENT BANK: 7.8% in 2016
NOMURA: GDP (market prices) growth to rise to 7.8% in 2016
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