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Top related persons:
Dhiraj Nim - 1 Nim - 1 Ajay Banga - 1 Radhika Piplani - 1 PLI - 1 Piplani - 1 Suman Chowdhury - 1 Milounee Purohit - 1
Top related locs:
BENGALURU China People's Republic India
Top related orgs:
ANZ Research - 1 World - 1 Capital Advisors - 1 Union - 1 Thomson - 1

Search resuls for: "Piplani"


2 mentions found


☆ India's economy to hold top spot for GDP but not so much for jobs growth: Reuters poll
  + stars: | 2023-07-24 | by ( Milounee Purohit | ) www.reuters.com   time to read: +3 min
The world's most populous country aspires to leapfrog to the status of a developed nation, riding on the unprecedented demographic dividend, which demands an annual gross domestic product (GDP) growth rate of around 8% for the next 25 years. It was forecast to grow 6.5% next fiscal year, with expectations of 6.2% growth this quarter, followed by 6.0% and 5.5%. "I think 6.0% to 6.5% is a very achievable and a very conservative forecast for India's growth trajectory," Nim added. The remaining six said the PLI scheme, which allocated billions of rupees as incentives from the Union budget in 2023-24, will have no impact. While India has a lot more ground to cover to replace China as the world's manufacturing hub, some economists acknowledged the PLI scheme was a step in the right direction.
Persons: Dhiraj Nim, Nim, Ajay Banga, Radhika Piplani, PLI, Piplani, Suman Chowdhury, Milounee Purohit, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, David Holmes Organizations: ANZ Research, World, Capital Advisors, Union, Thomson Locations: BENGALURU, China, People's Republic, India
☆ India current account deficit likely narrowed to 2.7% of GDP in Q4
  + stars: | 2023-03-24 | by ( Madhumita Gokhale | ) www.reuters.com   time to read: +2 min
The median forecast of 22 economists polled March 16-23 showed a current account deficit of $23.0 billion in October-December 2022, or 2.7% of gross domestic product (GDP). More than half of the expected narrowing is due to a reduction in the goods trade deficit, suggesting weakening domestic demand in Asia's third-largest economy. India's merchandise trade deficit shrank to $72.79 billion last quarter, compared to $78.32 billion in July-September, according to ministry of commerce data. These are the two reasons why we are seeing that the (current account deficit) numbers are better." A separate Reuters poll of economists who had a longer-term view forecast the current account gap to average 3.0% of GDP this fiscal year before shrinking to 2.6% in the next.
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