New Delhi, Aug 22 IANS | 2 months ago

India is likely to achieve an average growth rate of around 7.5 percent during financial years 2015-20, global business information provider Dun & Bradstreet (D&B) said in a report Friday.


"India is likely to achieve a higher average growth rate of around 7.5 per cent during FY15-FY20, spurred by large infrastructure investment by the Government along with increased investment activity by the private sector," said D&B India senior economist Arun Singh.

"The present government's incremental effort to expedite major reforms and its successful implementation should push India's GDP (at market prices) to more than $4.5 trillion by FY20," Singh added

The successful implementation of major reforms by the NDA government could push India's gross domestic product (GDP) to over $4.5 trillion by fiscal 2020, the report said.

"These are exciting times for India with the ushering in of a new majority government at the centre after three decades," Singh said.

According to D&B, the Indian economy is expected to recover from the current phase of slowdown towards the second half of fiscal 2015 and gather pace by the year after.

For the first quarter of the current financial year, the country is expected to have a GDP growth rate of around 5.2 percent and in 2015-16 the rate is likely to be 5.5 percent

D&B's "India 2020: Economy Outlook" evaluates the growth of the Indian economy in the next six years based on its strengths and weaknesses.

The report is divided into five sections - forecasts for key macroeconomic variables, growth prospects for some Indian states, potential growth drivers of the economy, major policy initiatives to facilitate India's economic journey and challenges to growth during the next six years.

(Posted on 22-08-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |

TRAVEL MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |