1. Market Research
Country Forecast India October 2017 Updater

Country Forecast India October 2017 Updater

  • October 2017
  • ID: 4981120
  • Format: PDF
  • By The Economist Intelligence Unit

Summary

Table of Contents

Search Inside



  • The National Democratic Alliance (NDA, a centre-right pan-Indian coalition of parties led by the Bharatiya Janata Party) will retain its dominance over the political landscape in 2018-22. The Economist Intelligence Unit forecasts that the NDA will secure a second five-year term at parliamentary elections in 2019.
  • As India's economic clout grows, its foreign policy stance will become increasingly assertive, particularly in South Asia. Its relations with the US and Japan will improve owing to an alignment of strategic interests. By contrast, ties with Pakistan will remain tense and weigh on India's relations with China.
  • The pace of progress on enhancing the business environment will be uneven. The NDA will record its biggest policy successes in improving physical infrastructure and transforming India's macroeconomic fundamentals. Progress in contentious areas such as land and labour reforms will be limited.
  • Improved tax administration and a greater formalisation of the economy will help to boost government tax revenue. However, rising spending on social services, infrastructure and rural assistance will limit the government's ability to reduce the fiscal deficit much further. We expect the budget shortfall to average the equivalent of 3.2% of GDP in fiscal years 2017/18-2022/23 (April-March).
  • Real GDP growth will average 7.8% a year in 2017/18-2022/23, largely driven by private consumption and infrastructure investment. Private-sector investment will accelerate from 2018 as the authorities deal more firmly with distressed assets in the banking system, and as the business environment improves.
  • We expect consumer price inflation to average 4.4% a year in 2018-22. This will be within the 2-6% inflation target range of the Reserve Bank of India (the central bank). Despite this, monetary policy settings will change in line with inflation expectations.
  • The inflation differential with the US and India's expanding current-account deficit will put downward pressure on the rupee. We expect the depreciation to be gradual, with the currency weakening from an estimated average of Rs65.2:US$1 in 2017 to Rs73.4:US$1 by 2022.
  • Robust private consumption and an increase in investment expenditure will suck in imports of both consumer goods and machinery, leading to a widening of the merchandise trade deficit in 2018-22. Overall, the current-account shortfall will average the equivalent of 2.1% of GDP in 2018-22.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Top Growth Opportunities: Dairy & Soy Food in India

Top Growth Opportunities: Dairy & Soy Food in India

  • $ 2995
  • January 2020

Top Growth Opportunities: Dairy & Soy Food in IndiaSummaryTop Growth Opportunities for Dairy & Soy Food in India provides recommended actions and detailed analysis of how to target the best growth opportunities ...

India Credit Card Market, By Type, By Service Providing Company, By Credit Score, By Credit Limit, By Card Type, By Benefits, By Region, Competition, Forecast & Opportunities, 2025

India Credit Card Market, By Type, By Service Providing Company, By Credit Score, By Credit Limit, By Card Type, By Benefits, By Region, Competition, Forecast & Opportunities, 2025

  • $ 2950
  • January 2020

India Credit Card Market, By Type (General Purpose & Private Label), By Service Providing Company (Visa; Mastercard; Rupay; & Others), By Credit Score (300 – 500, 501 – 700, 701 – 850 and Above 851), ...

Diphtheria - Pipeline Review, H2 2019

Diphtheria - Pipeline Review, H2 2019

  • $ 2000
  • December 2019

Diphtheria - Pipeline Review, H2 2019SummaryThis latest Pharmaceutical and Healthcare disease pipeline guide Diphtheria - Pipeline Review, H2 2019, provides an overview of the Diphtheria (Infectious Disease) ...

Packaging Industry in India $ 2100 October 2019

Health and Wellness in India $ 2100 February 2020


ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on