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LATEST NEWS UPDATES | Hope with concerns in 2019 -C Rangarajan </title>
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-The Hindu
Five issues need to be addressed comprehensively if India is to achieve sustained high growth
The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag,..."/>
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Five issues need to be addressed comprehensively if India is to achieve sustained high growth
The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag,..." />
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<h1 class="cat-box-title">Hope with concerns in 2019 -C Rangarajan</h1>
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Published on</span><span class="text-date"> Jan 4, 2019</span>
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<div align="justify">-The Hindu<br /><br /><em>Five issues need to be addressed comprehensively if India is to achieve sustained high growth<br /></em><br />The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag, both globally and domestically.<br /><br />Globally, the growth rate in 2018 was high, particularly in the United States. But strong signs of a trade war emerged, dimming hopes of faster international trade. Britain is passing through the pangs of separation from the European Union. Domestically, the first quarter growth rate was high. But signs are not good for the balance of the year. The rupee underwent a severe shock as crude oil prices rose, and abated after a fall in oil prices. While prices fell, agrarian distress accentuated.<br /><br />India’s growth rate in 2018-19 is forecast at 7.4% by the Reserve Bank of India (RBI). But it looks to be a touch-and-go situation. More likely, it will be slightly lower. Looking ahead, 2019 may not show any substantial rise in the growth rate. Even though the Goods and Services Tax (GST) has stabilised, much will depend on the pickup in the investment rate.<br /><br />The international environment is not that conducive for growth in our foreign trade; this will have an impact on our exports and, therefore, growth. Perhaps the growth rate will be between 7.2% and 7.5%. Though this may be the highest growth rate of any country, it falls short of our requirements.<br /><br />Going ahead, what are our major concerns? <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true">click here</a> to read more.</div>
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<br><a href="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true" class="re" target="_blank">The Hindu, 4 January, 2019, https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true</a><div class="clear"></div>
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LATEST NEWS UPDATES | Hope with concerns in 2019 -C Rangarajan </title>
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-The Hindu
Five issues need to be addressed comprehensively if India is to achieve sustained high growth
The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag,..."/>
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<h1 class="cat-box-title">Hope with concerns in 2019 -C Rangarajan</h1>
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<div align="justify">-The Hindu<br /><br /><em>Five issues need to be addressed comprehensively if India is to achieve sustained high growth<br /></em><br />The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag, both globally and domestically.<br /><br />Globally, the growth rate in 2018 was high, particularly in the United States. But strong signs of a trade war emerged, dimming hopes of faster international trade. Britain is passing through the pangs of separation from the European Union. Domestically, the first quarter growth rate was high. But signs are not good for the balance of the year. The rupee underwent a severe shock as crude oil prices rose, and abated after a fall in oil prices. While prices fell, agrarian distress accentuated.<br /><br />India’s growth rate in 2018-19 is forecast at 7.4% by the Reserve Bank of India (RBI). But it looks to be a touch-and-go situation. More likely, it will be slightly lower. Looking ahead, 2019 may not show any substantial rise in the growth rate. Even though the Goods and Services Tax (GST) has stabilised, much will depend on the pickup in the investment rate.<br /><br />The international environment is not that conducive for growth in our foreign trade; this will have an impact on our exports and, therefore, growth. Perhaps the growth rate will be between 7.2% and 7.5%. Though this may be the highest growth rate of any country, it falls short of our requirements.<br /><br />Going ahead, what are our major concerns? <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true">click here</a> to read more.</div>
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<br><a href="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true" class="re" target="_blank">The Hindu, 4 January, 2019, https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true</a><div class="clear"></div>
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LATEST NEWS UPDATES | Hope with concerns in 2019 -C Rangarajan </title>
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Five issues need to be addressed comprehensively if India is to achieve sustained high growth
The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag,..."/>
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<h1 class="cat-box-title">Hope with concerns in 2019 -C Rangarajan</h1>
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<div align="justify">-The Hindu<br /><br /><em>Five issues need to be addressed comprehensively if India is to achieve sustained high growth<br /></em><br />The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag, both globally and domestically.<br /><br />Globally, the growth rate in 2018 was high, particularly in the United States. But strong signs of a trade war emerged, dimming hopes of faster international trade. Britain is passing through the pangs of separation from the European Union. Domestically, the first quarter growth rate was high. But signs are not good for the balance of the year. The rupee underwent a severe shock as crude oil prices rose, and abated after a fall in oil prices. While prices fell, agrarian distress accentuated.<br /><br />India’s growth rate in 2018-19 is forecast at 7.4% by the Reserve Bank of India (RBI). But it looks to be a touch-and-go situation. More likely, it will be slightly lower. Looking ahead, 2019 may not show any substantial rise in the growth rate. Even though the Goods and Services Tax (GST) has stabilised, much will depend on the pickup in the investment rate.<br /><br />The international environment is not that conducive for growth in our foreign trade; this will have an impact on our exports and, therefore, growth. Perhaps the growth rate will be between 7.2% and 7.5%. Though this may be the highest growth rate of any country, it falls short of our requirements.<br /><br />Going ahead, what are our major concerns? <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true">click here</a> to read more.</div>
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<br><a href="https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true" class="re" target="_blank">The Hindu, 4 January, 2019, https://www.thehindu.com/opinion/lead/hope-with-concerns-in-2019/article25902913.ece?homepage=true</a><div class="clear"></div>
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LATEST NEWS UPDATES | Hope with concerns in 2019 -C Rangarajan
Five issues need to be addressed comprehensively if India is to achieve sustained high growth
The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag, both globally and domestically.
Globally, the growth rate in 2018 was high, particularly in the United States. But strong signs of a trade war emerged, dimming hopes of faster international trade. Britain is passing through the pangs of separation from the European Union. Domestically, the first quarter growth rate was high. But signs are not good for the balance of the year. The rupee underwent a severe shock as crude oil prices rose, and abated after a fall in oil prices. While prices fell, agrarian distress accentuated.
India’s growth rate in 2018-19 is forecast at 7.4% by the Reserve Bank of India (RBI). But it looks to be a touch-and-go situation. More likely, it will be slightly lower. Looking ahead, 2019 may not show any substantial rise in the growth rate. Even though the Goods and Services Tax (GST) has stabilised, much will depend on the pickup in the investment rate.
The international environment is not that conducive for growth in our foreign trade; this will have an impact on our exports and, therefore, growth. Perhaps the growth rate will be between 7.2% and 7.5%. Though this may be the highest growth rate of any country, it falls short of our requirements.
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