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  :  Top News  :  India's GDP growth to touch 7% in 2018: ASSOCHAM

India's GDP growth to touch 7% in 2018: ASSOCHAM (26-Dec-2017)

The industry chamber Associated Chambers of Commerce and Industry of India (ASSOCHAM) in its latest Year-Ahead Outlook has said that Indian economy is likely to touch 7% growth in 2018 with the government policies tilting towards the country's stress-ridden rural landscape in the penultimate year before the 2019 general elections. The report stated that against Gross Domestic Product (GDP) growth of 6.3% in the second quarter of 2017-18, the economic expansion may reach the crucial 7% mark by the end of September 2018 quarter, while inflation may range between 4-5.5% towards the second half of the next calendar year with the monsoon being a key imponderable.

ASSOCHAM has said that its projections for the 7% GDP growth are based upon the assumption of stability in the government policies, good Monsoon, pick-up in industrial activity and credit growth and stable foreign exchange rates. It added that the coming budget is expected to be heavily tilted towards the farmers while the industrial focus will be on the sectors which create jobs. Highlighting that the stress in the agriculture sector is traceable to lack of reforms in the rural economy, it said a realisation seems to be dawning that growth per se is not enough, the benefits must be seen in the form of higher employment and added that the year 2018 would see policies in this direction. Besides, it also said that the import-export policies for the agri products need to be revisited to help growers realise better prices.

The Year-Ahead Outlook pointed out that in the run-up to the state assembly elections in several politically important states like Karnataka, Rajasthan, Chhattisgarh and Madhya Pradesh, after the high stake Gujarat polls, the political economy is set to tilt towards the farm sector which has been witnessing some stress. The report stated that the external sector should continue to do well, with merchandise exports further gaining on the back of smart recovery being witnessed in the US and other important economies. Despite pressure on IT and ITeS exports, the services exports too should remain robust and the overall current account balance would remain well within the manageable limits with rupee continuing to remain steady. It added that the current account deficit may remain well below 2%. However, according to the industry chamber, the underlying bullish sentiment should continue to prevail in the Indian stock market in 2018, the returns on equity may not be as robust as in 2017.


Top News Today
Super Crop Safe opens new distribution branch at Uttar Pradesh
(24-Apr-2018)

Super Crop Safe opens new distribution branch at Uttar PradeshSuper Crop Safe has started a new distribution branch at Uttar Pradesh. With this the company has reached a total of 8 company owned distribution branches.As on date, the company has 2,000 distributors......click on news to read complete article.

Dr. Reddy's receives EIR for API Mirfield Plant in UK
(24-Apr-2018)

Dr. ReddyDr. Reddy's Laboratories has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its API Mirfield Plant, United Kingdom (UK). Recently, the company has......click on news to read complete article.

Bharti Airtel to start selling Apple Watch Series 3
(24-Apr-2018)

Bharti Airtel to start selling Apple Watch Series 3Bharti Airtel will begin selling Apple Watch Series 3 (GPS + Cellular), which adds built-in cellular to the world's number one watch, with pre-registrations starting May 4, 2018 and availability on May......click on news to read complete article.

International Stock News
Asian markets trade mostly in red in early deals on Tuesday
(24-Apr-2018)

Asian markets trade mostly in red in early deals on TuesdayMost of the Asian equity indices are trading lower in the early deals on Tuesday as a deluge of US government debt this week and the specter of inflation and a higher fiscal deficit drove US borrowing......click on news to read complete article.

US markets closed mostly lower; S&P reports minor gain
(24-Apr-2018)

US markets closed mostly lower; S&P reports minor gainThe US markets closed mostly lower on Monday, as investors grappled with rising bond yields and a mixed bag of earnings reports. The closely watched yield on the 10-year Treasury note climbed, settling......click on news to read complete article.

Asian markets trade mostly in red in early deals on Monday
(23-Apr-2018)

Asian markets trade mostly in red in early deals on MondayMost of the Asian equity indices are trading lower in the early deals on Monday, following the negative lead from Wall Street on Friday as technology stocks declined. Investors are cautious as they kept......click on news to read complete article.

 

     
  
Recent Top News 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.