India's growth potential much higher than 7 per cent, says Nouriel Roubini
India has a growth potential much higher than seven per cent and can grow at around eight to nine per cent with the reforms being undertaken by the present government and their quick implementation, according to American economist Mr Nouriel Roubini.
Indian growth robust powered by domestic engine, says Nomura
India's GDP growth is likely to pick up to 7.8% in fiscal 2016-17. Despite weak global cues, India's growth is expected to continue in the next fiscal year mainly due to robust domestic economic environment powered by rising disposable income, a normal monsoon and public infrastructure investment by the government, according to Nomura research.
21st century will be India's: Virginia Rometty, IBM
IBM's Chief Executive Ms Virginia Rometty expressed her growing confidence in India by predicting that the country will be the centre of cognitive shift or the fourth technology shift driven by artificial intelligent systems like IBM’s Watson, summarising that the 21st century will come to be known as the Indian century.
India's economic growth rate should pick up to 7.5 percent in the 2016/17 fiscal year.
"The broad message is that India's growth trajectory is pretty strong by international standards - not to mention the advanced economies," IMF Resident Representative Thomas Richardson told Reuters.
The World Bank projected that India would remain comfortably the fastest growing large economy in 2016, at a rate more than a percentage point higher than China's.
In its report Global Economic Prospects, the Bank projected the Indian economy to grow at 7.8% in 2016 and China's to grow at a more modest 6.7%.
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In February every year, the Finance Minister of India provides a budget for India which has a direct bearing on investors, businesses, industries, corporates, common men. Our lucid version of the most relevant portion of the budget for our clients, associates and prospective businesses simplifies the complex version given by the Finance Minister.