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.”
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