• Become a Contributor
  • About Us
Sunday, February 5, 2023
No Result
View All Result
ReadersFusion
  • News
    Indian Idol 13 Episode 43

    Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

    Most Streamed Netflix Hits

    The Most Streamed Netflix Hits In India in 2022

    Karan Johar - Lenskart

    LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

    ech Firms Announce Layoffs

    Top Tech Firms Announce Layoffs: Opinion from the Experts in India

    Indian Idol Season 13 Republic Day Episode

    Indian Idol Season 13: No Elimination for 4 Weeks and the Season now Enters into a PowerPlay – Know the Details

    Mission Majnu Review

    Mission Majnu Review: Siddharth Malhotra, Rashmika, and Sharib Deliver Staggering Performance

  • Entertainment
  • Technology
    • All
    • Apple
    • Nokia
    • OnePlus
    • Samsung
    ech Firms Announce Layoffs

    Top Tech Firms Announce Layoffs: Opinion from the Experts in India

    Top Online Online Games

    10 of the Top Online Games You Should Be Playing Right Now

    Apple iOS 16 WWDC 2022

    Apple Reveals when Users can use iOS 16 at WWDC 2022 – Check the List of Compatible iPhones

    Whatsapp Insta FB down globally

    WhatsApp, Instagram and Facebook are Down Worldwide – Know the Details

    Oreo TV APK Download

    Oreo TV APK – How to Download and Stream your Favorite Movies, Web Series for Free

    Top 10 Cloud Computing Companies

    Top 10 Best United States Cloud Computing Companies that can Boost your Profits

    Trending Tags

    • Interviews
    • Web Stories
    • News
      Indian Idol 13 Episode 43

      Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

      Most Streamed Netflix Hits

      The Most Streamed Netflix Hits In India in 2022

      Karan Johar - Lenskart

      LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      Indian Idol Season 13 Republic Day Episode

      Indian Idol Season 13: No Elimination for 4 Weeks and the Season now Enters into a PowerPlay – Know the Details

      Mission Majnu Review

      Mission Majnu Review: Siddharth Malhotra, Rashmika, and Sharib Deliver Staggering Performance

    • Entertainment
    • Technology
      • All
      • Apple
      • Nokia
      • OnePlus
      • Samsung
      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      Top Online Online Games

      10 of the Top Online Games You Should Be Playing Right Now

      Apple iOS 16 WWDC 2022

      Apple Reveals when Users can use iOS 16 at WWDC 2022 – Check the List of Compatible iPhones

      Whatsapp Insta FB down globally

      WhatsApp, Instagram and Facebook are Down Worldwide – Know the Details

      Oreo TV APK Download

      Oreo TV APK – How to Download and Stream your Favorite Movies, Web Series for Free

      Top 10 Cloud Computing Companies

      Top 10 Best United States Cloud Computing Companies that can Boost your Profits

      Trending Tags

      • Interviews
      • Web Stories
      No Result
      View All Result
      ReadersFusion
      No Result
      View All Result
      Home News

      2018: India to be the fastest growing economy – World Bank

      by Charu Kathpalia
      January 12, 2018
      in News
      Reading Time: 2 mins read
      71 1
      0
      indian economy growth
      1.4k
      VIEWS
      Share on FacebookShare on Twitter

      Well, seems like “achche din” are on their way. Just within a year of leaving China behind in major economic race in 2017, India is all set to accelerate even more this year. According to World Bank’s Global economic Prospects, India is likely to retain its position in the economic race even this year and will accelerate up to 7.3%.

      This report showed that China’s economic growth has slowed down from 6.8% (2017) to 6.4% (2018). India’s growth estimate was also revised by World Bank. As per 2017 reports, the growth slowed down from 7% to 6.7% in the month of October due to minor issues like the newly introduced Goods and Services Tax (GST) and also a bit of private investment.

      RelatedPosts

      Indian Idol 13 Episode 43

      Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

      February 5, 2023
      Most Streamed Netflix Hits

      The Most Streamed Netflix Hits In India in 2022

      February 4, 2023
      Karan Johar - Lenskart

      LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

      January 30, 2023
      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      January 24, 2023

      Every country has their own fiscal years. China’s fiscal year runs from January to December, whereas that of India runs from April to March.

      Fastest Growing Economy 2018

      Statements by World Bank

      As per the World Bank, the global economy is undergoing a broad based cyclical upturn. This cyclical upturn is expected to last for a few years and the risks for downside also exists.

      The World Bank also cautioned, “In contrast, growth in potential output is flagging, languishing below its longer-term and pre-crisis average both globally and among emerging market and developing economies. The forces depressing potential output growth will continue unless countered by structural policies.”

      Global growth will extend up to 3.1% this year, while that of advanced economics will slow down. The rate of emerging economics will accelerate.

      India fastest Growing Economy World BankIndia’s statistics

      As per the reports of India’s statics office on Friday, the economy has slowed down from 7.1% to 6.5% this year. Last year it was 7.1%. This severe slowdown in the economic rate happened due to the effects of demonetization and GST.

      Moody’s Investors Service released a report on Wednesday which stated that India and China will continue to be the fastest growing economic race even this year in the Asia-Pacific region. Economic affairs secretary Subhash Chandra Garg expects India to project a growth of 7.35 in 2018.

      Also, the direct tax collections have grown by 18% in the first nine months of the fiscal year. This will help the government fill up the fiscal deficit that was caused to them because of GST and demonetization.

      World Bank’s statements

      The World Bank has expressed their opinion about private consumption and service that will support the economy. They further added, “Private investment is expected to revive as the corporate sector adjusts to the GST; infrastructure spending increases, partly to improve public services and internet connectivity; and private sector balance sheet weaknesses are mitigated with the help of the efforts of the government and the Reserve Bank of India.”

      The Bank also said that the major risks are related to the domestic nature for India. This will include issues like resolving corporate and financial sector balance sheet deterioration and debt write-off for farmers.

      The report further added, “Weak private investment was only partly mitigated by a public infrastructure investment push and a surge in current expenditures after recent public pay hikes.”

       

      Tags: Fastest Growing EconomyFastest Growing Economy India 2018World Bank
      Charu Kathpalia

      Charu Kathpalia

      Charu is an author, contributor who loves to write about health topics, entertainment and public figures. She is an avid music lover.

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Recommended

      Indian Idol 13 Episode 43

      Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

      7 hours ago
      Luther- The Fallen Sun Coming on Netflix

      Luther: The Fallen Sun, a Movie Based on BBC Series Luther is Releasing on Netflix, Know Everything We Know So Far

      13 hours ago
      Shehzada Movie

      ‘Shehzada: Duniya ka Sabse Gareeb Prince’, Starring Kartik Aaryan and Kriti Sanon

      21 hours ago
      11 Netflix Sex Scenes You Must Watch This Valentine Day

      11 Netflix Sex Scenes You Must Watch This Valentine Day

      1 day ago

      Latest Posts

      • Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage
      • Luther: The Fallen Sun, a Movie Based on BBC Series Luther is Releasing on Netflix, Know Everything We Know So Far
      • ‘Shehzada: Duniya ka Sabse Gareeb Prince’, Starring Kartik Aaryan and Kriti Sanon
      • 11 Netflix Sex Scenes You Must Watch This Valentine Day
      • The Night Manager: Indian Adaption of British Show, Know the Release Date, Cast, and Plot Details

      More from ReadersFusion

      • About Us
      • Become a Contributor
      • Contact
      • Disclaimer
      • Policy
      • Web Stories

      Follow Us

      Newsletter

      • About
      • Contact

      © 2023 Readers Fusion

      No Result
      View All Result
      • Home
      • World
      • Entertainment
      • Sports
      • Travel
      • Tech

      © 2023 Readers Fusion

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In