News India GDP growth to be 8% in FY16, 8.3% the next year: Fitch

[Teufel]

Rating agency Fitch has forecast India’s gross domestic product (GDP) to grow at 8.0% in 2015-16 and 8.3% the next year, based on the new data series. The forecasts according to earlier series were 6.5% and 6.8%, respectively.


But the agency cautioned that the cuts in government expenditure for meeting the 2014-15 fiscal deficit target — around Rs 1 lakh crore lower than the Budget esrimates, according to revised estimates — might temporarily have somewhat dampened the broader trend of a pick-up.

Business Standard

 

[piinku1]

Whatever the GDP,nothing has been changed.

 

[IndianMascot]

I never understand what GDP impact on common man. It keeps improving and still inflation is always high.

 

[DashMajor]

^^ Tat because of Middle man. We never getting any kind of profit and will never until middle man theory are there.

 

[Teufel]

There won't be much impact on common man. We have 1.3 billion people in our country.
And have very less amount. If India will have GDP somewhere between 25-30 trillion dollars. Then only you can see changes effecting people from all walks of life.
9 trillion dollars GDP of China is still less for its population. India's GDP is 2.1 trillion. So it is going to take much time to see even changes like China.

 

[IndianMascot]

Which country is having Best GDP?

 

[Sanjeev]

Which country is having Best GDP?

Aur kaun USA

 

[DashMajor]

^^ I don't think USA they having more inflation rate.

 

[Teufel]

USA has too much of debt, compared to any country of the world.

 

[Sanjeev]

^^ I don't think USA they having more inflation rate.

According to Wikipedia USA is at the top followed by China