NEW DELHI - Indian economic growth is poised to bounce back after slipping to a more than six-year low of 4.5% in the July-September quarter as the government has taken measures to prop up investments and consumer demand, a top government adviser said.
The Insolvency and Bankruptcy Code, introduced in May 2016, has helped banks to recover billions of dollars stuck in outstanding corporate loans and offer loans to new borrowers. Nomura said Asia’s third-largest economy will see a sub-par recovery, and forecast 4.7% GDP growth for the current fiscal year and 5.7% for the next fiscal year.
There is enough space for the central bank to further cut interest rates, however, as inflation was likely to ease following a fall in vegetable prices, he said.
Does this mean they will start building plastic recycling plants?.
Doubtful
So now that Delhi elections show playing to religious extremism doesn't drown out economic problems is there actually a plan to sign trade agreements that are any more significant than buying US agriculture / natural-gas in exchange for some minor trade relief?
Just in time because China's economy is hitting the crapper right now.
Sandals on a construction site....damn they go hard over there.
Superpower 2020!
Not if they get the coronovirus it won’t
More likely 3%..would not trust indian figures.
HAHAHAHAHAHAHAHA government adviser said this last year too.
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