LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  Fitch expects India's economic growth to accelerate to 7.3% in FY19

Fitch expects India's economic growth to accelerate to 7.3% in FY19 (14-May-2018)

Global rating agency Fitch has said that India's economic growth is likely to accelerate to 7.3 percent in FY19 and 7.5 percent in FY20 on the back of recovery in money supply to its pre-demonetisation level. Moreover, disruptions related to the rollout of GST have also eased and will support in the growth of Indian economy. The rating agency has said the country's ratings “balance a strong medium-term growth outlook and favourable external balances against a weak fiscal position and difficult business environment”. However, the business environment is likely to improve gradually on the back of implementation of the government's structural-reform agenda.

The Indian economy continued making recovery in the last quarter of 2017, growing 7.2 percent. The influence of one-off, policy-related factors, which had been a drag on growth, has now diminished. The money supply recovered to its pre-demonetisation level in mid-2017 and is now growing progressively alike to the previous trend.

The government plans to adopt a ceiling of 40 percent of GDP for central government debt, as recommended by the Fiscal Responsibility and Budget Management Review Committee in January 2017, compared with an estimated 50 percent of GDP for FY18. This would be a positive step towards a more prudent fiscal framework, even if debt is unlikely to fall below the ceiling by FY23, as recommended by the committee.

The Indian government's last full budget before general elections has left much of the task of addressing the country's relatively weak public finances to the next government. The budget deficit target for FY19 is set at 3.3 percent of GDP, down from an expected 3.5 percent in FY18, implying fiscal slippage of 0.3 percent of GDP in both FY18 and FY19 relative to last year's budget targets.


Top News Today
Future Enterprises gets nod to raise funds up to Rs 1,500 crore
(26-May-2018)

Future Enterprises gets nod to raise funds up to Rs 1,500 croreFuture Enterprises has received its board's approval to raise funds by issue of Secured Redeemable Non-Convertible Debentures (NCDs) for a value up to Rs 1,500 crore in one or more tranches within a period......click on news to read complete article.

IFCI recovers Rs 280 crore from Bhushan Steel
(26-May-2018)

IFCI recovers Rs 280 crore from Bhushan SteelIFCI has recovered Rs 280 crore from debt-ridden Bhushan Steel under the insolvency process. The company also received over 5.79 lakh equity shares of Bhushan Steel, having face value of Rs 2 per share.IFCI......click on news to read complete article.

Sun Pharma reports 7% rise in Q4 consolidated net profit
(26-May-2018)

Sun Pharma reports 7% rise in Q4 consolidated net profitSun Pharmaceutical Industries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 83.30% in its net profit at Rs 176.26 crore for the quarter ended......click on news to read complete article.

International Stock News
US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end lower on Thursday
(25-May-2018)

US markets end lower on ThursdayThe US markets ended in red terrain on Thursday, as geopolitical worries hovered over markets after Trump called off the summit that was set to take place June 12 in Singapore. The cancellation followed......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.