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CERAMIC·BATHROOM April 18-21,2018

Press

 

Construction and infrastructure, drivers of Indian growth

Time:2017.07.18  Views:

This year the Indian economy has once again maintained growth levels above 7%. The anticipated rise in GDP in fiscal 2016-2017 (ending 31/3/17) is +7.1%, slower than the +7.6% of 2016 (the best result at a world level), while the forecasts for the next 12 months range between the IMF’s 6.6% and the Indian Economy Ministry’s 7%.

Without question investments in infrastructure remain the main growth driver. According to the World Bank, the Indian government is expected to allocate 3-4% of the country’s GDP to infrastructure investments to ensure annual economic growth of between 7% and 8%.

Read more: http://www.ceramicworldweb.it/cww-en/statistics-and-markets/construction-and-infrastructure-drivers-of-indian-growth/

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