| Author | Message | ||
Scorpio Hero Username: Scorpio Post Number: 15914 Registered: 09-2008 Posted From: 170.167.192.141 Rating: N/A |
kummu OT kummu Everyone is a Genius. But If You Judge a Fish by Its Ability to Climb a Tree, It Will Live Its Whole Life Believing that It is Stupid - Albert Einstein | ||
Saint Legend Username: Saint Post Number: 65219 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
asala emi cheppadoo nuvvu anna sarigga chadivava?
cheppina nalugu sentences lo, may be, difficult to quantify, managing cash crunch to mitigate the side effects err.. the worst side effects... aademi cheppado daniki exact opposite ga rasadu article | ||
Discodancer Junior Artist Username: Discodancer Post Number: 15 Registered: 01-2016 Posted From: 207.172.184.158 Rating: N/A |
All thuthumburi analysts vacchesi vaayinchesukuni ellipondi  | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2141 Registered: 04-2008 Posted From: 50.156.143.166 Rating: |
http://zeenews.india.com/economy/despite-demonetisation-indi as-gdp-growth-to-be-higher-than-chinas-fitch-ratings_1953379 .html Despite demonetization, India's GDP growth to be higher than China's: Fitch Ratings In a statement, the credit rating agency said it expects India's GDP growth trend higher than China`s in the medium term. "In India we expect GDP growth to accelerate in FY2018 on the back of reform implementation, monetary easing of the past year and infrastructure spending, while in China a continued increase in leverage in the broader economy is more and more becoming a burden for growth," Thomas Rookmaaker, Director in Fitch`s Asia-Pacific Sovereigns Group said. "In China, we forecast real GDP growth of 6.4 percent in 2017, down from a projected 6.7 percent in 2016, due to the impact of recent macro-prudential tightening measures targeting the housing market," he said. In October 2016, Fitch forecast 7.4 percent growth for the current fiscal for India. Fitch also added that the growth would accelerate to eight percent only by 2018-2019, on account of a lagged impact of monetary easing. On the impact of demonetisation on the Indian economy, he said it would be negative in the short run and depended to a large extent on how long the cash crunch is going to take. "A significant decline in the growth number for this quarter is highly likely, but for the fiscal year as a whole the decline may still be relatively moderate," he said. There are many elements to the demonetisation, which makes it difficult to quantify the impact on real GDP growth and explain the wide range of forecasts by different analysts, he said. According to him, on the positive side, the demonetisation may improve the fiscal position to the extent more earnings would be declared and a transfer was possible from the RBI to the government of the seigniorage (profit from the difference between the face value of the currency and cost of production) earned from unchanged notes. A stronger revenue intake would be positive from a rating perspective, as the fiscal position forms the Achilles` Heel in India`s sovereign credit profile, given the high general government debt burden and fiscal deficit compared with peers. "Beyond the immediate policy issues of managing the cash crunch as best as possible and trying to mitigate the worst side-effects, it would be interesting to see what further steps the government will take to formalise the economy and structurally generate higher government revenues," Rookmaaker said. |
