Latest News
-
2 Tata Group Dividend Stocks To Buy/Sell After Q4 Results, Dividend Announcement -
18K, 22K, 24K Gold Prices India Get Cheaper: Yellow Metal Prices Fall On Weekend -
HDFC Bank's Q4 Profit Hits Rs 17,257 Cr; Rs 10,900 Cr Set for Future Provisions -
Rs 17.50/Share Dividend: Tata Mid Cap To Consider Dividend On April 29, LIC Stake 9.88% -
Upcoming Adani Stock Dividend: Midcap Cement Stock To Declare Dividend, Q4 Next Week; BUY For Rs 3,225 -
Elon Musk Postpones India Trip, Tesla's Indian Market Entry Delayed -
HDFC Bank Q4 Results: Net Profit Rises 37% To Rs 16,512 Cr; Rs 19.5 Dividend Declared -
Gold Prices: 10-Gram 24-Carat Rises Rs 8,010 Before Falling; Chennai Gold Price At Rs 75,110 -
Defence Stock Set To Become Cheaper, 1:5 Split Approved: Shares Zoom 406% In 1-Yr -
Indian Railways Announces Historic Increase in Summer Train Trips
India Has Potential To Grow At 7.3% in 2018: World Bank
The World Bank said today that with “ambitious government undertaking comprehensive reforms”, India has “enormous growth potential” in comparison with other emerging economies. It projects a growth ra
The World Bank said today that with "ambitious government undertaking comprehensive reforms", India has "enormous growth potential" in comparison with other emerging economies. It projects a growth rate of 7.3% for 2018 and 7.5% for the next two years reported PTI.
Despite setbacks from GST (Goods and Service Tax and demonetization, is it estimated that India has grown at 6.7% in 2017, as per the 2018 Global Economics Prospect released by the World Bank.
Ayhan Kose, Director, Development Prospects Group, World Bank, told PTI in an interview that "the growth numbers of the past three years were very healthy," and he expects India to gradually accelerate in comparison with China, which is slowing.
China grew at 6.8% in 2017, which is 0.1% more than India and its growth in 2018 is projected to at 6.4%. The growth is projected to drop further in the next two years to 6.3% and 6.4% respectively.
He further said that reducing youth employment, pushing private investment in problematic areas and increasing women labor force participation is going to be important for the growth.
