next textile machinery exhibition and event in surat, gujarat, india

Textile News   >     19-10-2017 - Thursday

  • The World Bank has given the Modi Government a setback, reduction of India's growth rate, said banquet and GST's bad effects
  • New Delhi The International Monetary Fund (IMF) has reduced India's projected growth rate for the fiscal year 2018. The IMF has told the reason for this and the GST. However, the IMF says that due to these economic reforms, India's economy will pick up again and India will be able to get the fastest growing economy out of China. In the issue of the World Economic Outlook of the IMF, India's economy's estimate was 6.7 percent in the financial year 2018, which was 7.2 percent earlier. IMF has also reduced India's GDP estimate from 7.7 percent to 7.2 percent in FY11. The IMF said that India's growth rate has come down, which is the reason for the government's ban on bonding and GST, which has made this situation.
  • On behalf of the IMF, it has been said that growth in India's growth rate will increase and China will accelerate growth rate of 6.8 percent, increasing India's rapid growth.
  • It has been said in the report of the IMF that in India, there are long-standing expectations for labor market regulations and land acquisition process to make the business environment easier. Significantly, the Reserve Bank of India has also paid the growth rate from 7.3 percent to 6.7 percent. For the year 2022, the IMF has estimated a growth rate of 8.2 percent, while in the year 2017 it was 6.7 percent and 2018 showed an increase of 7.4 percent. Has been installed.

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