Indian Budget - Disappointing?
Simon Baptist, Global Chief Economist, The Economist Intelligence Unit
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India’s economic growth has been slowing over the last three years. From 8% growth just three years ago, Bloomberg projects that the Indian economy will expand just 5% in the fiscal year through March - it’s worst performance since 2009. However India’s Finance Minister Nirmala Sitharaman is optimistic and thinks that the government’s growth targets for 2021 are within reach.
With that in mind, we speak to Simon for his thoughts on whether India's growth target of 6% to 6.5% in 2021 is realistic, where he thinks the drivers for this growth will come from and whether China's slowdown plays a part in India's growth prospects.
Produced by: Sim Wie Boon
Presented by: Roshan Kanesan, Wong Shou Ning, Khoo Hsu Chuang
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Categories: Politics, Law and Legal Matters, Business Analysis, Trends and Forecasts, Markets, Investments
Tags: Indian Budget, GDP, Indian GDP, China Slowdown, Nirmala Sitharaman,