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 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search