Home / Knowledge / News / Textiles / 'India to top growth among large economies in 2016'
'India to top growth among large economies in 2016'
31
Dec '15
India is expected to be the leader in economic expansion among large economies in 2016 after posting one of the highest growth rates in 2015, according to World Bank Senior Vice President and Chief Economist Kaushik Basu.

He told reporters in Hyderabad after presiding over the valedictory session of 98th annual conference of Indian Economic Association that India's growth rate would be in the range of 7-7.5 per cent, in line with the World Bank previous forecast. The Bank is scheduled to unveil its next half yearly economic forecast for India on January 7, 2016.

Basu expects India to grow between 7 and 7.5 per cent in 2016. Whatever will be the actual growth figure on this scale, India would still be the leader among major economies.

“There are a few smaller economies going faster, but among the major economies India expected to be on the top not only in 2015 but we expect India to lead the chart in 2016 as well," he said .

Basu, who was the Government's Chief Economic Advisor from December 2009 to July 2011, said the rest of the economy was doing well despite exports taking a knock over the past year. But he insisted that India has a great potential in the export and manufacturing sectors, particularly in the latter because of rising wages in China. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search