Indian economy on track to achieve expected full year growth of 5.5-6%
Despite the GDP slowing down in the second quarter of the current fiscal, the first-half GDP figure of 5.5% does seem to indicate that growth has sustainably bottomed out. Moreover, economy does look on track to achieve our expectation of full year growth of 5.5-6.0% given that the second half is likely to be better. However, in order to provide a fillip to growth, it will be crucial for the new government to implement the announced policy measures in the right earnest. On the global front, China’s economy is passing through troubled waters with its third quarter slowing down compared to the quarter before. Additionally, with the Japanese economy now in recession and the Euro Zone flirting with one, overseas demand for Indian exports has become a little uncertain.
In it's latest issue of Economy Matters, CII analysis the third quarter GDP released by China and the monetary stimulus being injected by the Central Banks of many advanced countries, in the section on Global Trends. In Domestic Trends, we analyse the trends emanating out of the recent releases on GDP, IIP, Inflation, Monetary Policy and Fiscal Deficit. Eminent tax expert, Mr Sumit Dutt Majumder, presents his views on Transfer Pricing in the section on Taxation. The Sectoral Spotlight for this issue is on the Make in India initiative of the government. In Focus of the Month, experts provide their insightful viewpoints on the topic ‘Trade: Policy & Performance’. In Special Feature, Mr. Ajit Gulabchand, Chairman and MD, HCC Ltd presents his views on the topic ‘Dispute Resolution in Infrastructure’.
Appended below is the link to download the October-November issue of Economy Matters for your ready reference:https://www.mycii.in/KmResourceApplication/11440.EconomyMattersOctNov14.pdf
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