According to The EIU, on a year-on-year basis, India's real GDP growth for the October-December 2019 period stood at 4.6 per cent, and for the January-March quarter of 2020 it was 5.5 per cent.
India's fiscal deficit is at the centre of debate after many years of calm. Finance minister Nirmala Sitharaman has little room to manoeuvre. More than printed numbers, it is the details that will matter with doubts over budget numbers.
The economist said the banking and infrastructure sectors were in need of funding from the government.
Despite catchy slogans, we have built a bloated bureaucracy that has no bearing with the digital age.
The country's fiscal deficit for 2019-20 is expected to widen to 3.8 per cent, as per a report.
Nomura expects the Budget to prioritise investment over short-term consumption demand, announce measures for boosting housing demand and attract more long-term risk capital. The brokerage said it expects the Budget to be largely neutral for both growth and inflation.
IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the momentum to improve going ahead. Speaking at the WEF 2020, she also said the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019.
"The aspirational growth rate could be between 6.5 per cent to 7 per cent. At this stage it will be difficult to attain nine per cent GDP growth," he said. "This year the growth rate will end at five per cent and this is real and not nominal ... Next year, the GDP growth rate could be anything between 6 to 6.5 per cent," Debroy added.
"We expect momentum to improve (in India) further going ahead," IMF chief Kristalina Georgieva said.
The needle has just moved on five of the eight high-frequency indicators of the Indian economy.
There is a clamour for increased government spending to give a thrust to the slowing Indian economy and spur private investment that has historically helped GDP grow faster than public investment. But public investment always comes with the risk of crowding out of private investment.
Credit rating agency ICRA on Wednesday said it expects Union Budget for FY21 to continue focus on measures for power distribution network strengthening and renewables.
Ind-Ra expects GDP to grow at 5.5% year-on-year in FY21, however, the downside risks persist.
India overtook Maldives to command the highest WBL score in the South Asian region in 2020. The World Bank study mentions the measure taken by the state of Maharashtra to eliminate restrictions on women’s ability to work in jobs deemed dangerous.
Collectively others are over a quarter of non-oil imports. A bulk of these relate to chemicals, steel and machinery.
India needs a whopping USD 2.64 trillion investment to meet the UN's sustainable development goals (SDGs), offering the private sector an investment opportunity of over USD 1.12 trillion by 2030, according to a report.
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