Moody's: India Growth to Rival China's in 2011

February 28th, 2011
in econ_news

India flag Econintersect:  Matt Robinson, Senior Economist at Moody Analytics, is forecasting real GDP growth for India in 2011 to be about 9%, roughly in line with growth in China.  This is in the middle of the range estimated by the Indian government, as reported by GEI News.  A most interesting note in the Moody's estimate is the mention of growth in agriculture boosting the India GDP.  This was discussed in an Op Ed by GEI's Sunil Chandra on February 17.

Follow up:

From the article by moneycontrol.com (referring to Matt Robinson's analysis):

This was the fourth successive quarter of GDP growth in excess of 8%, and "with strong population growth, rising exports and expanding services", India's growth rate looks set to rival China's in 2011, expected to head towards the 9% mark, he said in a note to clients.

In Robinson's estimation, the drivers of growth in the December quarter were the finance, insurance, real estate and business services sectors, and the trade, hotel, transport and communications sectors.

The outlook for India remains favourable, and growth looks set to rival China's in 2011, Robinson added. A return to solid growth in the agricultural sector would complement strong expansion in services, propelling GDP growth towards the 9% mark.

Sources:  moneycontrol.com, GEI News and GEI Opinion  

Submitted by Sanjeev Kulkarni









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved