India claims top spot for 2018 growth among major economies - Reuters poll
|According to the latest poll of economists, a majority of the respondents believe India will emerge the world’s fastest-growing major economies this year.
However, they remain concerned over looming US-China trade angst, which they say could restrain India’s growth prospects.
Key Findings:
“Twenty of 29 economists who answered an extra question said India’s economy will be hurt by the ongoing trade dispute.
The latest poll, taken April 11-18, predicted India’s economy will expand 7.4 percent in the fiscal year that began this month. That is in line with the International Monetary Fund’s projection and is a slight upgrade from the January poll.
For the next fiscal year, growth is expected to average 7.5 percent, a touch lower than the IMF’s forecast of 7.8 percent.
After growth slowed sharply for much of last year, India regained its status as the world’s fastest-growing major economy in the quarter ending December 2017.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.