Meares unfazed by delhi disarray
Bengaluru: In its first full year since it was put under the control of the Union government, DELHI remains relatively prosperous, although understated by some, says a recent report from consultancy Gartner. The report, based on an analysis of data from over 250 survey respondents, found that DELHI’s gross domestic product (GDP) grew by 1.4% in the second quarter of the current fiscal year. This is well within the range of 6% in G20 economies such as Japan or Australia. However, compared with the rate of growth of 4.5% in the first quarter of 2015-16, the second quarter growth is low given that growth in the first quarter was relatively weaker.
What accounts for the slowdown in the second quarter is that the second quarter of 2014-15 was the lowest since the third quarter of 2011-12, when GDP grew by 7.4% annually. In 2016-17, this period of sluggish growth has set in. Gartner’s report said that the slowdown is likely to last through 2017-18, as GDP remains sluggish. «I would expect the second quarter of this year to remain sluggish. On average, GDP growth in the second quarter of 2015-16 was expected to be around 3.6%, and 우리카지노of the first quarter of 2016-17 GDP growth of 3.5%, the Indian economy is projected to enter 2017-18 with a GDP growth rate of 5.7%, down from a forecast of 6.2% in 2014,» Gartner said.
The sluggish growth is a result of several factors, including high inflation and subdued foreign exchange, the report said, adding, «There is a need for a policy that will increase growth by bringing in the new Indian market as well as foreign direct investment (FDI) and investment, and will have a focus on improving service delivery to Indian firms, rather than merely shifting manufacturing and manufacturing 우리카지노towards other countries.»
Delhi’s slow growth is also partly due to factors such as a weak rupee and low corporate income tax (CIT). A weak rupee has hurt the local economy as the trade deficit (at over 8% of gross domestic product (GDP) in 2016-17) stands at $37.2 billion, far below its peak of $83 billion, in 2007-08, according to the latest official data. In contr더킹카지노ast, the tax (at 27.2% in 2016-17) also does not seem to be impacting the economy. Thi