A confluence of factors, including weak global demand, a sharp drop in global commodity prices and appreciation of the real effective exchange rate will slow down India’s growth in fiscal year 2016, notes Macquarie. Tanvee Gupta Jain of Macquarie in a July 16, 2015 research note “India Insight” argues that India’s current account deficit will remain manageable in FY 16. Stable trade deficit in June Jain notes India’s monthly trade deficit stood at $10.8 billion (6.2% of GDP annualized) in June compared to $10.4 billion in May. However, the analyst points out that on a three-month trailing basis, India’s trade…
Weak External Demand A Drag On India's Growth In FY16: Macquarie
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
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