SINGAPORE: India would have the fastest economic expansion among Asian countries and its gross domestic product is expected to grow by 6.3 per cent in 2015, according to Morgan Stanley forecasts of global economies.
The Indian rupee's exchange rate to USD would be at Rs 62.2 by end of next year compared to Rs 62 in the current quarter (Q4 this year), according to a presentation made at the Morgan Stanley's Annual Asia Pacific Summit held here f ..
It is seen at Rs 62.5 in the first two quarters of next year and Rs 62.3 in the third quarter of next year.
Comparative to other Asian GDP growths, India would have the fastest economic expansion, it said.
The Indian rupee's exchange rate to USD would be at Rs 62.2 by end of next year compared to Rs 62 in the current quarter (Q4 this year), according to a presentation made at the Morgan Stanley's Annual Asia Pacific Summit held here f ..
It is seen at Rs 62.5 in the first two quarters of next year and Rs 62.3 in the third quarter of next year.
India's gross domestic product is expected to grow by 6.3 per cent in 2015, up from 5.3 this year, it said.
"We are constructive on the INR from the outlook perspective," Chetan Ahya, Morgan Stanley's Chief Asia Economist, told PTI.
Strong capital inflow and the current account deficit under-two per cent would add upward pressure on the Rupee. Reforms are providing confidence in the Indian economy growth.
Strong capital inflow and the current account deficit under-two per cent would add upward pressure on the Rupee. Reforms are providing confidence in the Indian economy growth.
The Indian government's policy action to improve business environment and lower oil prices are among the factors supporting the GDP growth, Ahya said.
onika jaiswal
pgdm 2nd year
2013-15 batch
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