India may beat China in GDP growth!
Thursday - May 31, 2018 9:38 am ,
Category : WTN SPECIAL
India may become the world's fastest growing economy.
MAY 31(WTN) - Today, the central government is going to present the GDP data for the January-March quarter. The government has estimated GDP growth rate of 6.9 to 7.7 percent. If the assumptions of the Central Government come out right then India will once again overtake China and become the world's fastest growing economy. For your information, China has grown at 6.8 percent in the January-March quarter.
According to economic experts, in the January-March quarter, the Indian economy has benefitted in the manufacturing sector and consumer spending. Due to this reason, the estimation of the rate of growth the Central Government can prove to be true. If this happens then India can once again overtake China.
News Agency Reuters has claimed in a poll that India's GDP growth will be 7.3 percent during the January-March quarter. Let you know that this level of GDP growth is highest since the July-September 2016 quarter.
Here, global rating agency Moody's has reduced India's GDP growth estimates due to rising crude oil prices. Moody's estimated this year's GDP growth rate to be 7.3 percent, compared to earlier estimates of 7.5 percent GDP. But Moody's has kept the growth rate 7.5 percent for the year 2019.
MAY 31(WTN) - Today, the central government is going to present the GDP data for the January-March quarter. The government has estimated GDP growth rate of 6.9 to 7.7 percent. If the assumptions of the Central Government come out right then India will once again overtake China and become the world's fastest growing economy. For your information, China has grown at 6.8 percent in the January-March quarter.
According to economic experts, in the January-March quarter, the Indian economy has benefitted in the manufacturing sector and consumer spending. Due to this reason, the estimation of the rate of growth the Central Government can prove to be true. If this happens then India can once again overtake China.
News Agency Reuters has claimed in a poll that India's GDP growth will be 7.3 percent during the January-March quarter. Let you know that this level of GDP growth is highest since the July-September 2016 quarter.
Here, global rating agency Moody's has reduced India's GDP growth estimates due to rising crude oil prices. Moody's estimated this year's GDP growth rate to be 7.3 percent, compared to earlier estimates of 7.5 percent GDP. But Moody's has kept the growth rate 7.5 percent for the year 2019.
