UNCTAD expects India’s GDP to rise 7% in 2018
UNCTAD expects India’s GDP to rise 7% in 2018

According to Trade and Development Report 2018 by UNCTAD, India’s GDP is expected to rise 7% in 2018 from 6.2% in 2017.

India is currently among the world’s fastest growing economies with a GDP growth of 7.7 % in Q1 of 2018.

The increase in capacity utilization in manufacturing and recapitalization of public banks has raised investment for the first time in several years.

Countries like India and Thailand that have been most favored by foreign investors and experienced the largest spike in asset prices would be most vulnerable to capital outflows.

Elaborating on digital economy taking shape around the world, it said that developing countries will need to preserve and expand their policy space to implement an industrialization strategy that should include policies around data localisation, management of data flows, technology transfers and custom duties on e-transmissions.

For more: https://unctad.org/en/PublicationsLibrary/tdr2018_en.pdf