14
Thursday
December 2017
6:52 PM IST
News Headlines
Home   | Main News   | International  | National   | Business   | Sports   | Special News   | Feature News   | Entertainment   | About Deepika 
BUSINESS NEWS
India to be fastest growing economy among G-20 nations:Moody's
 
New Delhi, Feb 23 (PTI) India will be the fastest growing economy among G20 countries clocking a 7.1 per cent growth in 2017, Moody's Investors Service said today.

The Indian economy had slowed in the fourth quarter of 2016 due to the withdrawal of 86 per cent of the currency in circulation without an immediate replacement.

"India is forecast to have the fastest growing economy among all G20 countries with growth put at 7.1 per cent for 2017, down from a previous expectation of 7.5 per cent because of the effects of demonetisation," Moody's said.

With regard to global growth, Moody's said continuing cyclical recovery in global economic activity with growth in G20 countries picking up modestly to 3 per cent in 2017 and 2018 from 2.6 per cent in 2016, but potential shifts in US policy add uncertainty to this forecast.

"We note unusually high uncertainty around our global forecasts due to the wide range of outcomes that could arise from significant shifts in US policy on a number of domestic and international issues, including trade and immigration," Moody's VP and Senior Analyst Madhavi Bokil said.

The systemic risks to this forecast may stem from shifts in US trade policies, risks to global financial markets and emerging market economies if US interest rates were to rise faster than anticipated and/or the US dollar were to appreciate sharply.

Also there could be risks of a sudden and sharp deceleration in China and political and fragmentation risks in the EU and the euro area, Moody's said.

In the report titled 'Modest Acceleration in the Global Economy, but Shifting US Policies Inject Uncertainty', Moody's said there is a high risk of a significant protectionist shift in US trade policy and could inflict lasting damage to the global economy.

Regarding Asia, Moody's said China's economy stabilised around the official growth target of 6.7 per cent in 2016, but will likely continue to decelerate to 6.3 per cent and 6 per cent in 2017 and 2018.

Moody's expects that the US economy will get additional lift from a stimulative fiscal policy stance pushing growth above potential. Accordingly, Moody's has revised its real GDP growth forecast to 2.4 per cent in 2017 and 2.5 per cent in 2018, from 2.2 per cent and 2.1 per cent, respectively.

Moody's forecast assumes the US Federal Reserve will raise the federal funds rate by 75100 basis points in three to four rate hikes in 2017. "We expect the Fed to err on the side of caution and tolerate somewhat abovetarget inflation in the near term.


Xiaomi Redmi Note 4 to Go on Sale Today in India
Mukesh Ambani leads Forbes list of Global Game Changers
Petrol price cut by Rs 2.16 a litre, diesel by Rs 2.10
Nadda wants increase in manufacture of medical equipment
Jio impact: Idea reports Rs 328-crore loss in March quarter
Now, Mumbai world's busiest airport with only one runway
Reliance Jio Effect: Airtel Posts Smallest Quarterly Profit in Four Years Due to Price War
IRCTC introduces payment on delivery for train tickets booked online
SBI cuts loan rates on affordable housing
India's Royal Enfield May Be Looking To Buy Iconic Italian Superbike Maker Ducati!
RBI advises PSBs to have fair system for branch auditor appts
Lanka only leasing out oil tanks to India: Wickremesinghe
Bad debt situation not that grim, recovery hopes intact: SBI
Amazon, Flipkart line up mega sale this month
'State check posts will go under GST; excise point may stay'
State GST Bill passed by 8 assemblies in April-May: Finmin
Terror attack victims blame social media
Money laundering: Spain probes ex-HSBC executives
SpiceJet's Thiruvananthapuram-Male flight from this month
LPG price hiked by Rs 2, kerosene by 26 paisa
ENTERTAINMENT
Concert in India: Justin Bieber excited !
 International Pop sensation Justin Bieber is thrilled to perform in India and it seems he cannot wait for his concert to begin in the country.  
Harry Potter and the Cursed Child to open on Broadway in 2018
Vinod Khanna's son remembers dad, posts nostalgic pic
Baahubali 2 takes India by storm
FEATURE NEWS
AIIMS MBBS Admit Card 2017 released
 Candidates who have applied for AIIMS MBBS 2017 can now download their admit cards from the official website at aiimsexams.org or mbbs.aiimsexams.org.
Applied for NEET? Here’s what you should take to the exam center
Suranga Model Water Harvesting
Rajendra Singh - The Waterman of India
SPECIAL NEWS
Cool-headed duck becomes latest Internet sensation !
 Tigers are fierce animals. But, a tiger of Australia's Symbio Wildlife Park had to give up all his efforts to get hold of a duck.
Kalolsavam 2017: Manju steals the limelight
A sparkling gem of an artist
7 steps to beat childhood obesity
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.