Steady reform progress fuelling India’s growth pick up – ADB


India’s fast growth will resume with gross domestic product (GDP) expanding by 7.4% in fiscal year (FY) 2017 and 7.6% in FY2018 supported by reform measures, a new Asian Development Bank (ADB) report said. In its new Asia Development Outlook (ADO) 2017 report, ADB notes that the deceleration to 7.1% registered last year was due in part […]

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China needs to accelerate structural reforms to support growth – ADB


China needs to accelerate structural reforms in order to boost productivity and sustain growth momentum, Asian Development Bank (ADB) said in a report. In its Asian Development Outlook (ADO) 2017, ADB projects gross domestic product (GDP) growth for the China moderating to 6.5% in 2017 and 6.2% in 2018, from 6.7% last year. China’s efforts to […]

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India’s agriculture sector expected to bounce back in current fiscal – CSO


India’s beleaguered farm sector battered by two successive droughts is expected to bounce back to positive growth in the current fiscal after a surprise contraction last year, advance economic growth estimates by the Central Statistics Office (CSO) showed. The CSO said the agriculture, forestry and fishing sector is likely to show a growth of 1.1 […]

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