WORLD BANK PEGS INDIA’S FISCAL 2019 GROWTH AT 7.3% IN 2018-2019
Success Point IAS -( Best Civil Services Coaching In Dehradun. )The World Bank in its report “Global Economic Prospects” has projected India’s economic growth at 7.3% the ongoing financial year, 2018-19 and 7.5 percent in the two years after that. Best IAS Institute in Dehradun.
GLOBAL ECONOMIC PROSPECTS REPORT:
The Global Economic Prospects is a World Bank Group flagship report which examines the global economic developments and prospects,( PCS Coaching Center In Dehradun) with a special focus on emerging market and developing economies.The report is issued twice a year, in January and June. Best IAS Institute in Dehradun. Its January edition contains in-depth analyses of topical policy challenges while the June edition includes shorter analytical pieces. PCS Coaching Center In Dehradun .
HIGHLIGHTS OF THE REPORT:
In 2019, global growth is expected to slow to 2.9 percent. International trade and investment are moderating, trade tensions remain elevated, and financing conditions are tightening. Best IAS Institute in Dehradun. Amid recent episodes of financial stress, growth in developing economies and the emerging market has lost momentum and is projected to stall at 4.2 percent this year,( Best Civil Services Coaching In Dehradun. ) with a weaker-than-expected rebound in commodity exporters accompanied by a deceleration in commodity importers. Best IAS Institute in Dehradun. Downside risks have become more acute. Trade tensions and financial market pressures could escalate, denting global activity. PCS Coaching Center In Dehradun .According to the January 2019 Global Economic Prospects report, the global economy will grow at just 2.9 percent in 2018-’19, and 2.8 percent in the 2 following fiscal years.China’s growth is projected to slow to 6.2 percent in 2018-’19 and 2019-’20, and further to 6 percent in 2020-’21. Best Civil Services Coaching In Dehradun. India’s neighbors: Pakistan GDP growth is projected to decelerate to 3.7 percent (2018-19) with financial conditions tightening to help counter rising inflation and external vulnerabilities. Best IAS Institute in Dehradun. Bangladesh’s GDP growth is forecast at 7.0 percent while Sri Lanka is expected to continue in 2019, with 4.0 percent GDP growth. PCS Coaching Center In Dehradun .