Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Supreme Court Of India
2002 Gujarat Riots
Enforcement Directorate (ED)
Maharashtra Government
University Grants Commission
Alt News
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / World Bank: India's growth to be 7% for 2016-17
India

World Bank: India's growth to be 7% for 2016-17

World Bank: India's growth to be 7% for 2016-17
Written by Sneha Johny
Edited by Supriya
Jan 11, 2017, 01:09 pm 3 min read
World Bank: India's growth to be 7% for 2016-17

The World Bank has forecast India's growth for 2016-17 to be at 7%; they added that in the coming years growth would bounce back to 7.6-7.8% growth. The WB said the sudden withdrawal of currency notes, "contributed to slowing growth in 2016,"; it said infrastructure investments could help the economy in the short-term. The WB said that 7% growth was still "robust" for India.

05 Apr 2016
RBI projects 7.6% growth for India supported by positive monsoon

Backed by favourable monsoons this year, the Reserve Bank of India, India's central bank, projected that the country would experience growth rates of around 7.6% in April this year. With the revised 7th Pay Commission being implemented, the consumer demand was expected to rise in the fiscal year. After nearly two years of unfavourable monsoon, the positive monsoon is expected to raise rural demand.

Quote
RBI flags weakening global growth

"However, a fading impact of lower input costs, persisting corporate sector stress and risk aversion in the banking system, and the weaker global growth and trade outlook could impart a downside to growth outcomes going forward," RBI said.

09 Aug 2016
RBI maintains India's FY17 growth forecast of 7.6%

The Reserve Bank of India said that it maintains the previous growth projections for the country, stating that it expects India to witness GDP growth of 7.6% in FY17. The announcement was made at RBI Governor Raghuram Rajan's last policy review meeting today, despite holding a dampened outlook on global demand. Rajan also maintained the previous policy rates, with the economy's rising CPI inflation.

Quote
Global trade hit by Brexit vote

"World trade remains sluggish in the first half of 2016. International financial markets did not anticipate the Brexit vote and equities plunged worldwide, currency volatility increased and investors herded into safe havens," RBI said.

Strong growth projections
Citigroup and OECD projects robust growth for India in FY17

Banking giant Citigroup projected strong growth forecasts for the Indian economy, placing GDP growth estimates at 7.7%, a notch higher than RBI's forecasts. The anticipated growth figures were attributed to the heavy monsoon and pay scale modifications that the Indian government had implemented this summer. The Organization for Economic Cooperation and Development (OECD) estimated that India would grow at 7.5%, despite weakening global growth.

Lowers India's growth projections
IMF, Nomura lowers India's FY17 growth forecasts

The International Monetary Fund cut its growth projections for India by 0.1% to 7.4% in July. The drop in the forecasts were due to the country's slow investment recovery and the global economies taking a hit due to the Brexit vote. Nomura also trimmed its forecasts to 7.7% from 7.8%, stating that the economy had not shown signs of improved exports or capital expenditure.

06 Jan 2017
India's GDP expected to fall

According to data compiled by Central Statistics Office, India's GDP has been revised downwards from the original estimate of 7.6% to 7.1%. The slowdown is attributed to a slump in sectors such as construction, mining and manufacturing. Growth in manufacturing will likely reduce to 7.4% from the earlier estimate of 9.3% and growth in construction will drop to 2.9% from previous estimate of 3.9%.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Sneha Johny
Sneha Johny
Mail
#EternalOptimist #EagerBeaver
Supriya
Supriya
Mail
#GrammarNazi #TravelerAtHeart
Latest
India
Reserve Bank Of India (RBI)
World Bank
Raghuram Rajan
OECD
Latest
Mahindra Scorpio-N v/s Tata Safari: Which one should you buy?
Mahindra Scorpio-N v/s Tata Safari: Which one should you buy? Auto
All about Sonam Kapoor-Anand Ahuja's cozy London home; pictures inside
All about Sonam Kapoor-Anand Ahuja's cozy London home; pictures inside Entertainment
Manchester United agree fee for Tyrell Malacia: Decoding his stats
Manchester United agree fee for Tyrell Malacia: Decoding his stats Sports
'Stranger Things 4': Breaking down 'Running Up That Hill' sequence
'Stranger Things 4': Breaking down 'Running Up That Hill' sequence Entertainment
2022 Wimbledon: Rafael Nadal beats Ricardas Berankis in second round
2022 Wimbledon: Rafael Nadal beats Ricardas Berankis in second round Sports
India
Formula E confirms Hyderabad E-Prix for February 2023
Formula E confirms Hyderabad E-Prix for February 2023 Auto
Hero Lectro e-cycles become cheaper thanks to Rs. 15,000 subsidy
Hero Lectro e-cycles become cheaper thanks to Rs. 15,000 subsidy Auto
Bengaluru Airport installs diaper changing room in men's washroom
Bengaluru Airport installs diaper changing room in men's washroom Lifestyle
Who is Mohammed Zubair, journalist arrested for hurting religious sentiments?
Who is Mohammed Zubair, journalist arrested for hurting religious sentiments? India
Sri Lanka under virtual lockdown over fuel scarcity amid crisis
Sri Lanka under virtual lockdown over fuel scarcity amid crisis World
More News
Reserve Bank Of India (RBI)
CBI books DHFL's Wadhawans in Rs. 34000-crore bank fraud case
CBI books DHFL's Wadhawans in Rs. 34000-crore bank fraud case India
What is credit, debit card tokenization rule effective July 1
What is credit, debit card tokenization rule effective July 1 Business
RBI hikes repo rate by 50 bps; EMIs get costlier
RBI hikes repo rate by 50 bps; EMIs get costlier Business
ICICI Bank FD interest rates hiked: Check latest rates
ICICI Bank FD interest rates hiked: Check latest rates Business
India's Q4 GDP pegged at 2.7%, lower than Q3: Experts
India's Q4 GDP pegged at 2.7%, lower than Q3: Experts Business
More News
World Bank
New anti-COVID drug may cost up to Rs. 3,000: Report
New anti-COVID drug may cost up to Rs. 3,000: Report India
How Taliban's foreign currency ban affects Afghanistan
How Taliban's foreign currency ban affects Afghanistan World
Afghanistan: Biden says he's sticking to August 31 withdrawal deadline
Afghanistan: Biden says he's sticking to August 31 withdrawal deadline World
COVID-induced economic slowdown caused 1 lakh infant deaths in India
COVID-induced economic slowdown caused 1 lakh infant deaths in India World
World Bank deployed $157bn in 15 months to fight COVID-19
World Bank deployed $157bn in 15 months to fight COVID-19 World
More News
Raghuram Rajan
Raghuram Rajan, Esther Duflo in Tamil Nadu's economic advisory council
Raghuram Rajan, Esther Duflo in Tamil Nadu's economic advisory council India
As coronavirus cases spike, why is India easing lockdown restrictions
As coronavirus cases spike, why is India easing lockdown restrictions India
Coronavirus not deadly, fight shouldn't be restricted to PMO: Rahul
Coronavirus not deadly, fight shouldn't be restricted to PMO: Rahul Politics
Five famous and successful alumni of IIM-Ahmedabad to know about
Five famous and successful alumni of IIM-Ahmedabad to know about India
Five famous alumni of IIT Delhi you should know about
Five famous alumni of IIT Delhi you should know about India
More News
OECD
Railways, shut for first-time, asked to build more isolation coaches
Railways, shut for first-time, asked to build more isolation coaches India
What is South Korea's #NoMarriage movement all about
What is South Korea's #NoMarriage movement all about World
World Bank promises $200 billion in 2021-25 climate action investment
World Bank promises $200 billion in 2021-25 climate action investment World
US demands transparency over Chinese debt on Pakistan
US demands transparency over Chinese debt on Pakistan World
Study: Superbugs kill more in India, twice of high-income countries
Study: Superbugs kill more in India, twice of high-income countries World
More News
Next News Article
Next News Article

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022