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

British mortgage approval rate goes down

In October, the overall number of mortgages approved by the British Banker’s Association went down to a 13-month minimum, as industry data disclosed on Friday…

Popular

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