IGI Logo

 Below The Quote On a US based Hedge Fund on the IMF India’s GDF forecast By  Suman Bannerjee, CIO, Hedonova,

India's GDP will rise due to strong tech and service sector growth, increased foreign investment, favorable demographic dividends, governmental policy reforms facilitating business, and a predicted recovery in consumer spending post-Covid-19, contributing to a healthier overall economic outlook. The forecast of 6.1% is pessimistic, I expect it to be 6.3%. A weak rupee has fostered more exports which has reduced the current account deficit and increased remittance income from $55.6 billion to $62.3 billion. Oil prices have been lower due to purchases from Russia and Iran over Norway, USA and Saudi Arabia and overall lower oil prices have kept the balance of payment account in check.

Above views are of the author and not of the website kindly read disclaimer