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India Barometer Report 2019: Economy to grow at 7.3%

India Barometer Report 2019: Economy to grow at 7.3%

FICCI in association with PwC revealed India Barometer Report 2019 on 9 Jan 2019.

The India Manufacturing Barometer survey brings out the key aspects related to the sector, including manufacturers’ outlook on the economy, the business environment for the next 12 months and factors that determine trade competitiveness.

2019 is the fifth edition of the report.

Highlights of the report:

India has the potential to grow at an average rate of 7% or more in the next 12 months. This is aligned with the projections of international development agencies such as the World Bank Group and IMF.

Business leaders anticipate faster growth in their sectors in the coming 12 months.

The report finds that speed and ease of logistics have improved on account of the Goods and Services Tax (GST).

85% of business leaders believe that their future growth will be driven by export demand.

This is in sync with India’s export performance over the last 12 months.

In FY 2017-18, India’s exports grew by 9.8%, and that was the fastest growth in the last 5 years.

 

 

 

 

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