India is the fastest ascending key economy in Jan-March quarter

India is the fastest ascending key economy in Jan-March quarter

India still appears to be the fastest ascending key economy worldwide the previous quarter, with positive dynamics buoyed by an improved performance in services and manufacturing, as a Reuter’s survey of economists disclosed.

Prime Minister Narendra Modi's ban of high-value currency notes the previous year had a crucial short-term impact on demand, although private and public consumption has revived.

The median prediction from a survey of 35 financial experts demonstrated that the Indian economy ascended 7.1% annually during the first three months of 2017. Predictions varied from 6.5 to 7.8%.

Annual surge hit 7% in the quarter ending December, as well as 7.9% in the January-March quarter the previous year.

India's industrial output inched up 2.7% in March from last year, thus exceeding the median consensus of 1.5% surge in a Reuters survey.

Factory and services activity headed north for most of the first quarter of this year, adding to a five-month peak in March, thus showing that the effects from demonetization appeared to be short lived.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera