India Predicts Climb From Decade-Low GDP Growth Amid Risks


09/02/2014 09:49 AST

India forecast a faster acceleration in economic growth than analysts had estimated, a prediction facing risks from interest-rate increases to quell inflation and expenditure curbs by the government.

Gross domestic product will rise 4.9 percent in the 12 months through March 31, compared with the decade-low 4.5 percent in the previous fiscal year, the Statistics Ministry said in New Delhi yesterday. The median of 24 estimates in a Bloomberg News survey had been 4.7 percent. The projection may be revised upward later and the final growth rate is unlikely to be less than 5 percent, Finance Minister Palaniappan Chidambaram said in a statement e-mailed today.

India last month joined nations from Brazil to Turkey in raising interest rates, striving to stem the fastest inflation in Asia and shield the rupee from a reduction in U.S. monetary stimulus that’s hurt emerging-market assets. Opinion polls signaling that the general election due by May could lead to an unstable coalition government are adding to risks.

For more on this Click Here

Bloomberg
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 140.5 228,988
GFH 0.58
AMLAK 1.14 18,569,315
BATELCO 0.23
SECO 24.12 140,394
SABIC 99.9 648,774
ALMARAI 82 205,840
Recent News

Deyaar Development launches Deyaar Al Khair Initiative
: Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, has launched Deyaar Al Khair, an initiative that will provide free maintenance services to

Eurozone economy hits ‘speed bump’ in July
Eurozone private sector business activity slowed in July for the second month running but was still running near six-year highs, a closely watched survey showed yesterday.

Analysts said that

Bahrain, Pakistan discuss strengthening cooperation in tourism sector
Bahrain and Pakistan are looking to deepen their relations and broaden their cooperation across all fields, especially the tourism sector.

Shaikh Khalid bin Humood Al Khalifa, chief execut

Alba’s H1 net income surges 111pc to $115 million
Aluminium Bahrain (Alba) has posted a net income of BD43.3 million ($115.2 million) for the first half of 2017 versus BD20.5 million ($54.5 million) for the same period in 2016, marking an increase o

Pressure mounts on the US dollar
The US dollar weakness continued through July as the US Dollar Index, a measure of the value of the greenback against a basket of major currencies, tanked to a 13-month low. For the better part of th

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?