Singapore's DBS Bank lowers India's FY18 GDP growth to 6.6 per cent

Singapore's DBS Bank lowers India's FY18 GDP growth to 6.6 per cent

SINGAPORE: Singapore's DBS Bank today lowered India's GDP growth forecast for current fiscal to 6.6 per cent from the previous 6.8 per cent, citing that businesses were "still adjusting" to the new GST regime and there was "limited room" for fiscal support. The Bank, however, expects that Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2 per cent. The government will play a balancing act between reviving growth whilst maintaining its macro-stability credentials in fiscal 2019. The recent rating upgrade from Moody's was a big boost to sentiment and is likely to lower offshore borrowing costs for Indian companies, it said in a country report "India in 2018/19". But, it (the upgrade) comes at a time when risks to India's macroeconomic environment have risen compared to the past three years, according to DBS. "With businesses still adjusting to the go...

Full article: https://economictimes.indiatimes.com/news/economy/indicat...

Tweets

Singapore's GST could rise by 2 percentage points in Budget 2018: DBS - Yahoo Singapore News

Singapore's GST could rise by 2 percentage poin...

sg.news.yahoo.com 28 Nov '17, 9am

The Goods and Services Tax is expected to increase by two percentage points in Budget 2018 and this would be implemented o...

India to provide naval support to Singapore

India to provide naval support to Singapore

timesofindia.indiatimes.com 28 Nov '17, 10pm

NEW DELHI: India is getting set to provide to Singapore naval practice and logistics facilities, which will include live f...

#India's #Reliance softens overseas #oil dreams...

platts.com 28 Nov '17, 6am

Analysis: India's Reliance softens overseas oil dreams in pursuit of growth at home Singapore (Platts)--28 Nov 2017 126 am...

With eye on China, India and Singapore vow to b...

oneindia.com 29 Nov '17, 6pm

India and Singapore on Wednesday signed an agreement to deepen maritime security cooperation in strategically key sea lane...

Singapore offers India logistical base

thehindu.com 29 Nov '17, 7pm

India and Singapore on Wednesday agreed on greater cooperation and activity in the Strait of Malacca and the Andaman Sea e...

India, Singapore sign a significant strategic naval pact

India, Singapore sign a significant strategic n...

republicworld.com 29 Nov '17, 10am

Hack: In a move that is likely to rile China, India and Singapore today signed a bilateral navy agreement that also entail...

Huge growth in GDP – so why the tough times for many? -

Huge growth in GDP – so why the tough times for...

anilnetto.com 05 Dec '17, 5am

2 SHARES Whatsapp Facebook Twitter Email Print RSS feed The other day, I received a message from a relative abroad. “Malay...

#Norwegian Signals Growth Potential at Singapore

#Norwegian Signals Growth Potential at Singapore

aviationtribune.com 01 Dec '17, 3pm

This week, Norwegian Global Head of Sales, Lars Sande and Head of Sales UK & Ireland, Dominic Tucker delivered presentatio...

Eye on China: India and Singapore ink naval pact

Eye on China: India and Singapore ink naval pact

timesofindia.indiatimes.com 29 Nov '17, 2pm

NEW DELHI: India and Singapore on Wednesday inked a naval pact to majorly crank up their maritime security cooperation wit...