gross domestic product

India’s Export Percentage Lower Than Year 2005

12Mar By Sheldan RungasamyNo Comments

Market

India’s Export Percentage Lower Than Year 2005

Indian exports of goods and services, as a percentage of GDP in the September 2017 quarter, was lower than that of September 2005. US President Donald Trump has menaced to impose reciprocal tariffs on Indian goods, if the government refuse to lower duties on American exports. If the threat is put into practice, it will aggravate an already problematic situation for Indian exports. The best way to illustrate the gravity of this problem is when we realize that the gross domestic product (GDP) in September 2017 quarter was lower than the September quarter of 2005, already 12 years ago. The Indian exports of goods and services as a percentage of GDP was on a steady rise during the last boom until the September 2008 quarter. Exports were on the rise, significantly contributing t...

Economic Growth Likely To Pick Up In Q2, Say Experts

Indias economic growth is likely to show a significant improvement for the September quarter of the current fiscal over the previous three months, when the GDP slipped to a 3-year low of 5.7 per cent, say experts. The Central Statistics Office (CSO) is scheduled to come out on Thursday with the estimates of the second quarter gross domestic product (GDP). The data will also capture the impact of the Goods and Service Tax (GST), which was implemented from July 1. Based on a survey of economists, industry body Ficci expects that the economic growth would rebound to 6.2 per cent in the second quarter, a significant improvement over the April-June numbers. "The slowdown in the economy due to demonetisation and the adjustment impact of GST implementation seems to be bottoming out and ...

Economic Reforms To Help Support Long-Term Growth: BMI Research

India is expected to remain one of the fastest growing emerging markets with real GDP growth averaging 6.5 per cent over the next five fiscals, though bureaucratic inefficiencies will continue to cap the countrys growth potential, says a report. According to a report by BMI Research, a Fitch Group company, while India's ease of doing business ranking has improved, significant bureaucratic inefficiencies are likely to cap the country's growth potential further. "We believe that the ongoing economic reforms and improvements to the business environment will continue to support India's economic growth over the coming years, and we expect the country to be one of the best performing emerging market economies, with real GDP growth set to average 6.5 per cent over the next five fiscal years,"...