As per the International Monetary Fund (IMF), Indian economy is likely to grow at 4.6 percent in current financial year and the growth may improve to 5.4 percent by 2014-15. Presenting a sanguine picture of India's economic outlook, the IMF, in its World Economic Outlook update, has noted that growth in India has picked up after a favourable monsoon season and a higher export growth and is expected to grow further on strong structural policies supporting investment. Indian economic growth is likely to be at 6.4 percent in 2015-16, it added.
At present, Indian economy is struggling with all macro-economic indicators deteriorated. During April-September’ 2013-14, economic growth slipped to 4.6 percent from 5.3 percent in the same period last fiscal. Meanwhile, in the previous fiscal, India's economy slowed to a decade low of 5 percent owing to the global slowdown and domestic factors, like high interest rates. Further, India’s annual industrial (IIP) output growth contracted by 0.2% during the period April-November’ 2013-14 over the corresponding period of previous year.
Referring to the global economy’s growth, IMF reported that global activity strengthened during the second half of 2013 and is expected to improve further in 2014-15, largely on account of recovery in the advanced economies. IMF has projected global growth at around 3.7 percent in 2014 and 3.9 percent in 2015.
At present, Indian economy is struggling with all macro-economic indicators deteriorated. During April-September’ 2013-14, economic growth slipped to 4.6 percent from 5.3 percent in the same period last fiscal. Meanwhile, in the previous fiscal, India's economy slowed to a decade low of 5 percent owing to the global slowdown and domestic factors, like high interest rates. Further, India’s annual industrial (IIP) output growth contracted by 0.2% during the period April-November’ 2013-14 over the corresponding period of previous year.
Referring to the global economy’s growth, IMF reported that global activity strengthened during the second half of 2013 and is expected to improve further in 2014-15, largely on account of recovery in the advanced economies. IMF has projected global growth at around 3.7 percent in 2014 and 3.9 percent in 2015.
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