By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NorthBridge TimesNorthBridge Times
  • Auto
    • Bikes
  • Entertainment
    • Bollywood
    • Celebrity
    • Hollywood
  • Events
  • Festival
    • Diwali
    • Holi
  • Sports
    • NBA
    • Basket Ball
    • Cricket
    • Hockey
  • Health
    • COVID-19
  • Technology
Search
© 2022 NorthBridge Times. All Rights Reserved.
Reading: GDP growth rate of India projected to be 7.6% by the UN Report, Asia Pacific region growth expected to be 5%
Share
Aa
NorthBridge TimesNorthBridge Times
Aa
Search
Follow US
© 2022 NorthBridge Times. All Rights Reserved.




Home – India

India GDP growth rate projected to be 7.6% by the UN Report, Asia Pacific region growth expected to be 5%
IndiaEconomy

GDP growth rate of India projected to be 7.6% by the UN Report, Asia Pacific region growth expected to be 5%

Ankita Sharma
Ankita Sharma Published December 2, 2016
Last updated: 2016/12/02 at 5:05 PM
Share
2 Min Read
SHARE

UN Report – ‘Economic and Social Survey for Asia and the Pacific 2016‘ of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has forecasted India GDP growth rate to be 7.6% which is higher than the GDP growth rate that it predicted for the Asia Pacific region i.e. 5%.

India GDP growth rate expected to be 7.6% as forecasted by UN Report, attributed to 7th Pay Commission and GST

“In India, economic growth is expected to remain at 7.6 per cent in 2017 as investment regains momentum and the manufacturing base strengthens on the back of structural reforms…Later, growth will be underpinned by a recovery in private investment as the recent push to accelerate infrastructure spending and measures to create a better investment climate — due in part to the passage of GST and bankruptcy code.”

India GDP growth rate projected to be 7.6% by the UN Report, Asia Pacific region growth expected to be 5%

-UN yearly report titled ‘Economic and Social Survey for Asia and the Pacific 2016’

The projected growth of the GDP is attributed to the 7th pay commission and Goods and Services Tax that will be implemented from 2017 as per the report.

The report added – “India’s economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18. While growth in the first quarter of the current fiscal year (April-June 2016) moderated due to a contraction in fixed investment, a rebound is expected.”

The report has stated that the stable domestic demand has helped the GDP growth rate to stabilise despite of the sluggish growth in the global economy and trade sector.

While the growth rate for 2017 in China is projected to be 6.4% which is sought to be accelerated by improvement in fiscal institutions in the country. “With developed economies losing some of their recovery momenta, the region’s high and steady growth rate, led by China and India, has arguably been an anchor of stability for the struggling global economy”, the report added.

You Might Also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

Rupee Raise 23 Paise To 82.12 Against US Dollar In Early Trade

Stock Market: Asian Markets Looking Strong

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

TAGGED: Economic and Social Survey for Asia and the Pacific 2016, india, India GDP, India GDP growth rate, UN Report 2016

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Ankita Sharma December 2, 2016
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Women's T20 Asia Cup: India beats Nepal by 99 Runs, Bowled out Nepal for Just 21 Women’s T20 Asia Cup: India beats Nepal by 99 Runs, Bowled out Nepal for Just 21
Next Article prev 3 Disney Lion King, Movie Will Happen Sooner Than We Thought
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.




Latest News

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Business Economy November 7, 2022
Stock Market: Asian Markets Looking Strong
Stock Market: Asian Markets Looking Strong
Economy Business November 7, 2022
Home Study Courses
Managing a Small Business: 5 Tips for Long Term Growth
Business May 7, 2022
Medical Supplies Can Protect You When You Work With Radiation
Which marketing techniques are likely to benefit your manufacturing business?
Business February 17, 2022

You Might also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
BusinessEconomy

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

November 7, 2022
Rupee Raise 23 Paise To 82.12 Against US Dollar In Early Trade
Economy

Rupee Raise 23 Paise To 82.12 Against US Dollar In Early Trade

November 7, 2022
Stock Market: Asian Markets Looking Strong
EconomyBusiness

Stock Market: Asian Markets Looking Strong

November 7, 2022
Diwali Sandesh to Soldiers
IndiaFestival

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

October 15, 2022

NBT

We influence 20 million users and is the number one business and technology news network on the planet.

Quick Link

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise With Us
January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    
NorthBridge TimesNorthBridge Times
Follow US

© 2015-2022 NorthBridge Times. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?