23 October, 2020

Losing To Win

A law to deal with mining bankruptcies in India will pave the way for higher growth and profits. This may be the game-changer.

Losing To Win
outlookindia.com
2019-02-08T11:46:09+05:30

The overall global economy is gradually moving ahead with steady growth forecasts. Growth in major industrial economies witnessed a recovery with their GDP growth rates expected to remain strong in 2018 and 2019. The US’s GDP growth is forecasted at 2.3% in 2019, slightly modera­ting thereafter. GDP in developing Asia has seen strong expansion to around 6% plus, due to both domestic and external demand. The EU region may slow down in the coming years. Growth in China, which accelerated on account of robust consump­tion and still rising exports, is likely to moderate to 6.6% in 2018. In India, growth is emerging from the recent slowdown in 2017 to 7.3% in FY 19, further rising to 7.6% in FY 20. However, a fall in central government’s capital expenditure in FY 18 and fall in investment poses a challenge for future growth.

Globally, central banks are realigning from an accommodative stance to normalising their monetary policies for tackling growth and inflati­onary risks as investment levels take off. However, they continue to remain alert as the...

unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


In this article:

Latest Magazine

October 26, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section