Tuesday, August 23, 2016
India's growth rate to accelerate in 2017
Ind-Ra, India Ratings and Research, has raised its growth forecast for India’s GDP in the financial year 2017 (so, part of 2016 and part of 2017) to 7.8%. This is a small rise from the 7.7% previously forecast. As we’ve noted before India’s growth rate is impressive and as we’ve also noted before that it is so reliant upon, so influenced by, the monsoon is a sign of how far there is still to go.
I have found a new company that trades in Canada that has made significant investments into India and is run by the "Warren Buffet" of Canada. I will be writing more about this and discussing this more in this weeks podcast.