India's GDP expected to expand 7.5% in 2019-20: World Bank
WASHINGTON: India's GDP growth is expected to accelerate moderately to 7.5 per cent in fiscal year 19-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption, the World Bank has said.
华盛顿: 世界银行(World Bank)表示，受投资持续走强，尤其是私营部门出口业绩改善和消费弹性增强的推动，预计印度GDP增速将在2019至2020财年稳健提升至7.5%。
The real GDP growth is estimated at 7.2 per cent in FY18/19, the World Bank said in its latest report on South Asia on Sunday ahead of the spring meeting of the World Bank and the International Monetary Fund.
Data for the first three quarters suggest that growth has been broad-based. Industrial growth accelerated to 7.9 per cent, making up for a deceleration in services.
Meanwhile, agriculture growth was robust at 4 per cent.
On the demand side, domestic consumption remained the primary growth driver, but gross fixed capital formation and exports both made growing contributions. Over the last quarter, growth is expected to remain balanced across sectors, the report said.
The World Bank said India's GDP growth is expected to accelerate moderately to 7.5 per cent in FY19/20, driven by continued investment strengthening-particularly private- improved export performance, and resilient consumption.
With robust growth, and food prices poised to recover, inflation is expected to converge towards 4 per cent, it said, adding that both the current account and the fiscal deficit are expected to narrow.
"On the external front, improvements in India's export performance and low oil prices should bring about a reduction in the current account deficit to 1.9 per cent of GDP," it said.
A sustained decline in food prices since July 2018, subsequently complemented by the softening of oil prices and concomitant appreciation of the rupee, has led to a steady decline in inflation, it noted.
Observing that headline inflation stood at 2.6 per cent in February 2019, and the average for FY18/19 so far at 3.5 per cent, well below the RBI's target-midpoint of 4 per cent, the report said that as a result, the RBI reduced the policy rate by 25 basis points (to 6.25 per cent) in February 2019.
译文来源：三泰虎 http://www.santaihu.com/47347.html 译者：Jessica.Wu
Ravie Gupta - Chandigarh - 2 hours ago -Follow
If real GDP is grown by 7.5% with inflation under 4% and stable rupee at current pricing. This will give overall growth of 11.5% in GDP in USD terms.
Shailendra Kumar Mishra - kolkata - 2 hours ago -Follow
Voteforbjp - India - 2 hours ago -Follow
Makdxb - INDIA - 2 hours ago -Follow
India is on continuous growth path. Definitely it could reach to all time high. But there should strong Govt under PM Modi. Any change at the centre will drastically affect or economy. Out stock exchange points touches all time high under PM Modi only.
Abhishek - 2 hours ago -Follow
Mera vote Modi sir ko!
P - 2 hours ago -Follow
..... & still some people thinking of voting congress !?
Vijayakumar Bhosale - 2 hours ago -Follow
GDP growth rate and what BJP has committed in its 2019 election manifesto looks matching.
Krishna - 2 hours ago -Follow
If BJP is given one more Tenure , the GDP will grow in double digits. vote wisely!
Chowkidar Proud Modi Bhakt - 2 hours ago -Follow
Jai Modiji. Jai BJP.
Manish - 1 hour ago -Follow
According to world bank website data
2004 - 0.699 trillion $
2013 - 1.857 trillion $(11th in world)
2017 - 2.60 trillion $
2019 - 2.72 trillion $(5th in world)''
2004 - 1.995 trillion $
2013 - 9.607 trillion $
2017- 12.238 triilion $(2nd in world)
When China has added 7.5 trillion $ during 2004-2014 period our so called economic PM has added only 1.157 trillion $ as we lost 12 lakh crores in scams of Sonia mafia.
2014 - 1.857 trillion $
2019 - 2.72 trillion $
means Modi has added 0.9 trillion $ in 5 years, in comparison Manmohan has added only 0.57 trillion $ in 5 years.
2004 - 0.699万亿美元
2013 - 1857万亿美元(世界第11位)
2017 - 2.6万亿美元
2019 - 2.72万亿美元(世界第五)”
2004 - 1.995万亿美元
2013 - 9.607万亿美元
Vishal - 2 hours ago -Follow
Credit goes to Modi
Suresh Kumar - 1 hour ago -Follow
Bright days ahead for Indian economy. Can''t ignore the trustworthy Chowkidar well known for his good governance, visionary reforms and timely actions.
Jsk - bsp - 1 hour ago -Follow
Rocking India under Modi''s leader ship. In economic terms high GDP,minimum inflation,jump in global economy from 11th to 6th! We have ample reasons to vote for Modi again.
Nasir Khan - 2 hours ago -Follow
BJPeee’s lobiyst in World Bank is compainging for Modi. If paid World Bank even project African sub sahara rising economy in 2020. Money speaks
HSF - Australia - 1 hour ago -Follow
Only if, Modi wins. Otherwise India will be back to Nehru rate of growth of 2 to 3%.
John Tulip - Pune - 1 hour ago -Follow
Modi for 2019 . Modi is needed for india to grow at faster pace .
Girish Rabadiya - 1 hour ago -Follow
If Indian will elect Congress then it will be revised to 3.5% because they have to make up for last five years
Common - 1 hour ago -Follow
Those who say that they neither support BJP nor congress...remember, you still need to chose between NDA and UPA. You can guess what agenda both alliances will have.
Schnell Rai - Bangalore - 2 hours ago -Follow
With this growth pace, India will touch $5 trillion mark by 2025.
We need Modi for another 15 years to make India 10 Trillion dollar economy.
Indian - 1 min ago -Follow
the irony that the common man of India is poor and do not understand the growth
people of India understand the language of freebies and caste based reservation
Al - Others - 1 hour ago -Follow
world bank is controlld by RSS. raga is great.
Manu - 1 hour ago -Follow
It is only the low petroleum prices which is giving a kick to the Indian economy. India cannot be a developed country unless there is consistent double digit growth for 20 years like China did.
Rajdeep Singh - Sangrur - 1 hour ago -Follow
When we spend money to buy goods then GDP is increasing so what is the role of modi in it? i spent 2500 rupee in last month so this is my contribution to GDP