>>
Home / Knowledge / News / Textiles / Indian economy to grow at 7.8% in 2017: ADB
Indian economy to grow at 7.8% in 2017: ADB
13
Dec '16
Indian economy is expected to grow at 7.8 per cent in 2017, the Asian Development Bank has projected. For South Asia too, the Manila based organisation expects growth to bounce back in 2017 to 7.3 per cent. In a supplement to its Asian Development Outlook 2016 Update report, ADB has retained its growth projection for developing Asia at 5.7 per cent.

“Asian economies continue their robust expansion in the face of global economic uncertainties,” said ADB deputy chief economist Juzhong Zhuang. “Structural reforms to boost productivity, improve investment climate, and support domestic demand can help maintain growth momentum into the future.”

Combined growth for the major industrial economies exceeded expectations in the Update, ticking up 0.1 percentage point to 1.5 per cent in 2016. Growth in 2017 is maintained at 1.8 per cent. Robust consumer spending supported the US economy, with supportive monetary policy and improved labour markets fuelling growth in the euro area. Japan’s expansion, meanwhile, will be buoyed by strong exports, despite the stronger local currency, the report said.

While downgrading its forecast for South Asia from 6.9 per cent to 6.6 per cent in 2016, the report adds that growth will bounce bank next year, reaching 7.3 per cent. On India, the report expects the effects of the transition to be short-lived, and projects the economy to grow at 7.8 per cent in 2017.

Growth in China—the world’s second largest economy—is expected to hit 6.6 per cent this year, driven by strong domestic consumption, solid wage growth, urban job creation, and public infrastructure investment. “The forecast for China in 2017 is maintained at 6.4 per cent,” the report states.

In Southeast Asia, growth forecasts remain unchanged at 4.5 per cent in 2016 and 4.6 per cent in 2017. Likewise, the outlook in Central Asia is maintained at 1.5 per cent in 2016 and 2.6 per cent in 2017. The Pacific will see growth of 2.7 per cent in 2016, picking up to 3.3 per cent in 2017. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

China reiterates call for tariffs cut after US official’s statement

After US treasury secretary Janet Yellen called for tariffs cuts on...

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Anupam Bansal,

Anupam Bansal

Liberty Shoes has been fashioning footwear for well over 65 years now, for ...

Hugo De Boon & Koen Meerkerk,

Hugo De Boon & Koen Meerkerk

Using discarded mangoes that are no longer consumable and usually have...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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

Leave your Comments

ESTEEMED CLIENTS

Mesdan SPA
Lifestyle
Nihalani Events Management
SHAHI Exports Pvt Ltd
Aleph Srl
ITMA Services Pte Ltd
Sportswear Company Spa
Jindal Worldwide Limited
Boardriders Asia Sourcing Limited
Lululemon Athletica Inc
Alix Partners
Lacoste (Wanchai)
Coats Digital Limited
Recron Polyester from Reliance Industries Limited
Restoque S.A.
Officina Meccanica Dora Enrico Srl
Marzoli Machines Textile s.r.l.
KIABI
GIOVANNI BOZZETTO S.p.A.
TÜYAP IHTISAS FUARLARI A.S.
Tommy Hilfiger
Xtema - Thomas Lebherz Textilmaschinen
BTC Textiles LLC
Huntsman (Singapore) Pte Ltd
Aramark Uniform ;& Career Apparel, LLC
Target Corporation (MN)
Colours India Inc
Bluesign Technologies Ag
Asos
The LYCRA Company Singapore  Pte. Ltd
Saurer Textile Solutions Pvt. Ltd.
Gap International Sourcing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Savio Macchine Tessili S.P.A.
Comasia Limited
Gloria Jeans
Green Fibre
Messe Frankfurt Exhibition GmbH
Newtech Textile Technology Development (Shanghai) Company Limited
BIMBA ;& LOLA SL
John Varvatos
EPCH
Rayonese Textile Inc., Division de Culp Inc.
Amazon China
IFF Media Ag - International Media Services
Bluestem Global Sourcing Limited
Thermore (Far East) Ltd.
International Textile Manufacturers Federation
Calvin Klein
Seasalt Limited
Infor (Hong Kong) Limited
Color Service s.r.l.
OVS Hong Kong Sourcing Ltd.
Dow Silicones Corporation
Flainox S.r.l.
Maceton Limited
TESCO INTERNATIONAL SOURCING LIMITED
Weitmann & Konrad GmbH & Co. KG
Permoda(Koaj/Armi/Pronto/Bkul)
Babyshop
Truetzschler India Private Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
USTER
BIANCA
Palexpo SA
JES MEDIA, INC
Woolmark Services India Pvt. Ltd.
Pt. Peraga Nusantara Jaya Sakti
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Messe Duesseldorf
G-Star Raw C.V.
Page Industries Limited (Bangalore)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Centric Software
Desigual - ABASIC, S.A.
MAS Active / MAS Kreeda / MAS Bodyline
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
VNU Exhibitions Asia
Chori Company Limited
IKEA of Sweden AB
Guess Europe Sagl,
Shima Seiki Mfg. Ltd.
COTTON COUNCIL INTERNATIONAL
Walmart
C;&A Sourcing International Ltd
Tchibo GmbH
H;&M Hennes ;& Mauritz (Far East) Ltd
Brückner Trockentechnik GmbH & Co. KG
G.A.S. unternehmenskommunikation gmbh
Groz-Beckert East Asia LLP
Sainsbury's Argos Asia Limited
Lisa S.P.A.
International Sourcing Expo Australia
N9 World Technologies Private Limited
T.T. Limited
APLF Limited
X-Rite Asia Pacific Limited (HK)
K AND D ITMACH EXPOSITIONS LLP
SYNERGIES HONG KONG LIMITED
IIGM Private Limited
DyStar India Pvt. Ltd
The Top Form Brassiere Manufacturing Company Limited
Tradewind International Servicing
Arvind Limited
Gatsby Africa
Lenzing Aktiengesellschaft - India
Nandan Denim Limited
FULGAR SpA
Cat Tuong Real Estate Group Joint Stock Company
Chico’ FAS
Phong Phu international JSC (PPJ)
Sportmaster Ltd.
Zydex Industries
Italian Trade Commission
Rieter India Private Limited
Meera Dyestuff Industries
CSGIA(China Screen Printing & Graphic Imaging Association)
Shanghai  Aige Exhibition Service Co., Ltd
Brandix Lanka Limited
Gokaldas Exports Limited
Vianney Textil Hogar S.A. De C.V.
Landmark Group
NITI Aayog
KAS Direct Sourcing
Datacolor AG Europe
Indo Tex
Mayer & Cie. GmbH & Co. KG
Decathlon
Midas Clothing Limited
GHCL LIMITED
Indofil Industries Limited - Specialty & Performance Chemicals Division
Itema Weaving (India) Private Limited
Tory Burch Hong Kong Ltd
Alison Hayes Romania
Helly Hansen Far East Ltd
LC Waikiki
Haelixa AG
CGS Inc.
Kornit Digital Asia Pacific Ltd
Aquarelle Clothing Limited
EMBEE CORPORATION
GERBER TECHNOLOGY LTD.
Taiwan Textile Federation (TTF)
Esprit Europe Services GmbH
BTSR International S.P.A.
Applied DNA Sciences Inc
Thai Acrylic Fibre Company Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Sateri (Jiujiang) Fiber Co.,Ltd
Zünd Systemtechnik AG
Etam Group Strategy Hong Kong Limited
Puma
Reiter India Private Limited
IDH – The Sustainable Trade Initiative
Abit
Eastman Chemical Company
The LYCRA Company Singapore  Pte. Ltd
Hirdaramani International Export Private Limited
Benetton Group
Varner AS Retail
TEXVALLEY MARKET LIMITED
PVH Corporation
Istanbul Fuarcilik A.S.
Recron Polyester from Reliance Industries Limited
NV Michel Van de Wiele
Karl Mayer Textilmaschinenfabrik GmbH
Lenzing Aktiengesellschaft
Under Armour Global Sourcing Ltd
Kern – Liebers Textile
Tuyap Tum Fuarcilik Yapim A.S.
Loris Bellini S.r.l.
Datatex Consulting Srl
ZAITEX spa
Vardhman Textile Ltd
Lectra Technologies India Pvt Ltd.
Lottmann Communications
Equinox Impex India
TESTEX AG, Swiss Textile Testing Institute
Copenhagen Fashion Summit
H. Stoll AG & Company KG
Eurofins BLC Leather Technology Centre Ltd
Performance Days
China World International Exhibition Company Limited
DuPont de Nemours, Inc.,
BRINKMANN GMBH
Stahl Holdings B.V.,
Rosset ;& Cia Limited
FESPA (Reigate)
Hela Clothing Pvt Ltd
Splash
Groz-Beckert KG
Thai Trade Center
UBM China (Shanghai)
J ;& P Coats
Grasim Industries Limited
Inter Expo Center Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
EUROVET ASIA LTD

May 2022

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


Advanced Search