Wait...
  1. Home >
  2. Export Import News >
  3. Business News >
  4. India's average GDP growth to rise to 7.8% in H1 2018: Nomura >
  5. India's average GDP growth to rise to 7.8% in H1 2018: Nomura

Online Export Import Data Search

Complete Training Video : Click Here

India's average GDP growth to rise to 7.8% in H1 2018: Nomura.


Date: 26-04-2018
Subject: India's average GDP growth to rise to 7.8% in H1 2018: Nomura
Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption, and the average GDP growth is expected to rise to 7.8 per cent in the first half of this year, says a report.

According to the Japanese financial services major Nomura, investment and consumption demand are the main drivers for India's growth, amid worsening net exports.

"Our leading indicators suggest the cyclical recovery, which started in the second half of 2017, is set to continue through the first half of 2018," Nomura said in a research note.

Consistent with these data, "we expect average GDP growth to rise to 7.8 per cent year-on-year in the first half 2018 from 7.2 per cent in October-December 2017".

The report, however, noted that rising oil prices, tighter financial conditions and a likely slowdown in investment activity ahead of the elections suggest growth will start to moderate in the second half of this year "towards our Q4 2018 forecast of 6.9 per cent".

Meanwhile, the Reserve Bank expects India's economic growth rate to strengthen to 7.4 per cent in the current fiscal, from 6.6 per cent in 2017-18, on account of revival in investment activity.

On RBI's monetary policy stance, the report said the rising oil prices are changing the macro dynamics and may put pressure on inflation.

According to Nomura, for every USD 10/bbl rise in oil prices CPI inflation may rise by 30-40 bps and worsen the current account balance by 0.4 percentage points.

"Thus, if oil prices remain at these levels, then monetary policy is likely to move towards tightening versus our base case of no change," the report said.

The six-member MPC, headed by RBI Governor Urjit Patel, had left the benchmark repo rate unchanged for the third time in a row after deliberations on April 4-5, citing inflationary concerns.

The minutes of the April MPC meeting released by the RBI noted that RBI Deputy Governor Viral Acharya favoured withdrawal of monetary accommodation in the next policy review meeting scheduled on June 4-5.

Meanwhile, Executive Director Michael Debabrata Patra voted for an increase of 25 basis points in April itself, though the majority view of maintaining status quo prevailed.

Source: businesstoday.in

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 11-10-2019
No. 04/2019- Customs
Clarification regarding inclusion of cesses, surcharge, duties, etc. levied and collected under legislations other than Customs Act, 1962, Customs Tariff Act, 1975 or Central Excise Act, 1944 in Brand Rate of duty drawback

Date: 11-10-2019
Notification No. 23/2015-2020
Amendment in Import Policy Condition of Urea under Exim Code 31021000 in the ITC (HS) 2017, Schedule-I (Import Policy)- regd.

Date: 11-10-2019
Notification No. 24/2015-2020
Amendment in import policy of Indian National Flag.

Date: 09-10-2019
Notification No. 73 /2019-Customs (N.T.)
Notification to amend Courier Regulations 1998 -reg

Date: 09-10-2019
Notification No. 74 /2019-Customs (N.T.)
Notification to amend Courier Regulations 2010 -reg

Date: 09-10-2019
Notification No. 44/2019 – Central Tax
Seeks to prescribe the due date for furnishing of return in FORM GSTR-3B for the months of October, 2019 to March, 2020.

Date: 09-10-2019
Notification No. 45/2019 – Central Tax
Seeks to prescribe the due date for furnishing FORM GSTR-1 for registered persons having aggregate turnover of up to 1.5 crore rupees for the quarters from October, 2019 to March, 2020.

Date: 09-10-2019
Notification No. 46/2019 – Central Tax
Seeks to prescribe the due date for furnishing of return in FORM GSTR-1 for registered persons having aggregate turnover more than 1.5 crore rupees for the months of October, 2019 to March, 2020.

Date: 09-10-2019
Notification No. 47/2019 – Central Tax
Seeks to make filing of annual return under section 44 (1) of CGST Act for F.Y. 2017-18 and 2018-19 optional for small taxpayers whose aggregate turnover is less than Rs 2 crores and who have not filed the said return before the due date.

Date: 09-10-2019
Notification No. 48/2019 – Central Tax
Seeks to amend notification No. 41/2019 – Central Tax, dated the 31st August, 2019.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001