Amid the reinvigorated debate over the existence of shell companies in MCA-21 data, the country’s largest lender has said that all companies registered under MCA contribute to GDP growth.
Nomura today marked down India's GDP growth forecast marginally to 7.7 per cent for the current fiscal, from 7.8 per cent earlier, saying there is still no sign of an export or private capex turnaround.
The economy grew an impressive 7.9% in the March quarter, driving up the annual expansion in 2015-16 to 7.6%, official data released on Tuesday showed.
After an impressive 7.6 per cent GDP growth in 2015-16, industry today said the economy should expand at even a faster pace in the current fiscal on various reform measures and on expectations for a good monsoon.
India's Q4 GDP has grown at a stellar 7.9% versus 7.2% in Q3 of FY16, but experts are of the opinion that it is still early for the Narendra Modi government to rejoice.
Government's fiscal deficit target for next fiscal could be changed to a 'range' and set at 3-3.5 per cent of the GDP, rather than 3 per cent, says a Bank of America Merrill Lynch (BofA-ML) report.
Moody's Investors Service said the prevailing low headline inflation is expected to continue aided by a good monsoon, allowing RBI to sustain its current accommodative stance.
India's current account deficit is likely to widen to 1.6 per cent of GDP this fiscal, driven by pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.
Growth of India's manufacturing sector may decelerate during June quarter due to factors like bleak export outlook, poor demand and high cost of borrowing, a Ficci survey has said.
India's GDP is likely to "auto correct", and the headline growth of the country in this fiscal is expected to remain flat at 7.4 per cent, says an HSBC report.
Goldman Sachs said that the aggregate top line GDP growth is strong and basically driven by very favourable demographics and low per capita income which allows more rapid growth
