Top 1000 Companies Economic Review For The First Half Of 2018-2019
India today is considered as one of the fastest growing economies and it is tipped to become one of the top three economic powers of the world within a span of 10 to 15 years. It is currently the sixth largest fastest growing economy in the world with a nominal GDP of USD 2.61 trillion. The business-friendly policies, structural reforms and transparency in governance have attracted global attention. The global economy has been evolving despite the imbalance in the emerging markets and the pressure exerted on their currencies. The rising crude oil prices and the monetary tightening have somehow put many Indian sectors under stress. Also, the Indian rupee has witnessed its all-time low of Rs.74.39/ USD. All these factors have resulted in the widening of India’s current account deficit (CAD) and hampered the demand on the domestic front. The growth of the Indian economy has been trimmed down to 7.3 percent in 2019 and 2020 from 7.4 percent in 2018, according to rating agency Moody's.
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