Sunday, May 9, 2021
Home Business Indian economy to grow at 7.5% in 2015: Moody's

Indian economy to grow at 7.5% in 2015: Moody’s

500 India rupee notes

By NewsGram Staff Writer

Indian economy is expected to grow slightly higher at 7.5 per cent in 2015, according to the global rating agency Moody’s.

“India’s economy is on a cyclical upswing. Forward looking indicators suggest domestic demand is gathering momentum,” said Faraz Syed, associate economist, Moody’s Analytics.

Lower oil prices will help to increase the incomes of India, especially among the lower class people and help to drive down the hike of prices keeping it close to target in 2015, said the world economy’s health report releasedon Tuesday.

“Lower rates as well as the government’s infrastructure and disinvestment programs should provide a boost to domestic-oriented industries,” said Syed.

While India’s economy is on an upwing, China’s growth story is showing a downfall.

According to the International Monetary Fund’s latest World Economic Outlook (WEO), “While India’s development is expected to stay steady at 7.5% in 2016 too, China’s growth is expected to fall from 7.4% in 2014 to 6.8% in 2015 and 6.3% in 2016.”

STAY CONNECTED

19,511FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

History Of Mother’s Day

BY- JAYA CHOUDHARY Mother's Day has been observed for hundreds of years now. The origins of Mother's Day can be traced back to ancient Greek...

Breathing Exercises To Strengthen Your Respiratory System

While Covid-19 cases continue to surge, we need to be even more vigilant, while staying at home and keeping ourselves healthy and fit. While...

A Makeover Guide For All Mothers Out There

For generations, mothers have been a force of nature doing the heavy lifting when it comes to raising children right; keeping them safe, and...

Covid-19 May Cause Long-Lasting Harm To Heart: Doctors

A large number of recovered patients from Covid-19 have encountered heart problems and even patients with existing heart problems have felt its effects. The...

Make Your Mom Feel Extra Special With These Gifts

Thinking about what to get your mum for Mother's Day? Check out our compilation of ideas which makes for the perfect gift for mums...

Research Reveals Why Some Patients May Test Positive For Covid-19 After Recovery

Some virus RNA can be reverse transcribed and inserted into the human genome, finds a new study, which may explain why some people who...

Life In The Clock Tower Valley: Spelling Life In Kashmir Valley

Even as another book 'Life in the Clock Tower Valley' emerges from Kashmir, its author, Shakoor Rather says that while many past books have...

Lakshmi Devy: The Doctor-Turned-Filmmaker Is Winning Laurels In US

 Dr. Lakshmi Devy, a doctor by profession has always been passionate about acting and filmmaking and her dreams have come true after she won...

Recent Comments