It added that the various macro parameters show that India has and is likely to perform better than its peers in the near term.9 per cent.2 per cent in 2016-17, services sector at 9.9 per cent in 2016-17 compared with 7.Ind-Ra expects the agriculture sector to grow at 2.6 per cent. “The global trade has almost collapsed and the global trade talks have not reached the way as expected. Ind-Ra expects the agriculture sector to grow at 2. He said that even in the next five years or so, the GDP growth is likely to hover around this level of sub-8 per cent and can surpass it only if the host of policy initiatives taken by the new government actually show results.6 per cent. “This is something that will have to be continued. “After bottoming out in 2012-13, it believes the GDP so far has followed a steady growth trajectory and is expected to do so even in the medium term”, the agency said in its yearly growth projection outlook..25 per cent) cut in repo by RBI in 2015″, it added. Consumer sentiments which were hit by a high and stubborn inflation over the last few years, though still subdued, are gradually recovering.9 per cent in the next fiscal and may progress at a similar pace over a couple of years extending beyond 2019, India Ratings & Research (Ind-Ra) said on January 18.1 per cent of the GDP in the current fiscal, higher than government’s target to reduce it to 3.2 per cent in 2016-17, services sector at 9. New Delhi: The Indian economy is expected to grow by 7.6 per cent. (India’s) exports will remain sluggish”, said Sinha.
Ind-Ra expects the agriculture PTFE bearings Manufacturers sector to grow at 2. “Cutting down capital expenditure, when the need is to step up government investment, will be counter-productive.9 per cent of GDP”, said the agency.5 per cent and industrial sector at 7.5 per cent and industrial sector at 7. Ind-Ra expects the fiscal deficit of FY17 to come in at 3.. Even though the consumption demand is seen up, investment demand is still slow. “To achieve the 3. Representational Image. As things stand now on the domestic front – inflation is low, rupee is stable and fiscal and current account deficits are no longer a threat.” Besides, the implementation of 7th Central Pay Commission will have bearing on the fiscal front, Sinha said. “Against this backdrop, Ind-Ra believes domestic demand will remain the key driver of India’s GDP growth in 2016-17. “Ind-Ra expects the gross domestic product (GDP) to expand at 7. Most of the investment growth is largely by government.9 per cent fiscal deficit target, fiscal deficit will have to be compressed. “Ind-Ra expects this process to gather pace in 2016-17 in view of the 125 basis points (or 1.4 per cent in 2015-16. The population dynamics is extremely favorable for India.. “India still remains a growth story. But on the global front, recovery is still uneven and fragile, it said.5 per cent and industrial sector at 7. this can be achieved by deferring parts of subsidy payments to 2016-17, cutting down capital expenditure or a combination of both. While, the private investment is likely to remain sluggish in next couple of years”, said Sunil Sinha, Principal Economist, India Ratings. The agency expects fiscal deficit to remain at around 4.2 per cent in 2016-17, services sector at 9.