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Budget & Beyond: What Next For Indian Economy?
16th March 2018 | Synergia Forum : 41
Key Questions?
Even though the latest gross domestic product (GDP) data showed that the Indian economy is recovering from the twin policy shocks of demonetization and GST, and the pace of growth is likely to be higher in 2018 than 2017, broader economic management will not be easy. This is despite the ongoing synchronized global recovery, which will help the Indian economy during the year.
Oil price variation
Every $10 per barrel increase in oil brings down GDP by around 0.2 – 0.3 percent and worsens the CAD by about 9 -10 billion dollars.
Agricultural growth
Agricultural productivity is critical not for just feeding people but also for ensuring human capital accumulation in those who move from agriculture to other tertiary sectors.
Stock market bubble
Its generally seen around the world that when asset prices spiral, they also tend to come down quick. This is a risk that can seriously affect the economy.
Hyper globalization
We are beginning to notice that hyper globalization has caused a backlash against globalization, which has affected the growth of late convergers like India