India Now - page 7

NAT I ONAL
ROUND - UP
5
|
APRIL-MAY 2015
Collaboration to Study Chronic
Diseases
Centre for Control of Chronic
Conditions (CCCC), a research centre to
counter the overlapping nature of chronic
diseases, was recently launched in New
Delhi by the Public Health Foundation of
India (PHFI), in association with Indian
and international partners.
RESEARCH
UPDATE
Indian Economy to Grow at
8% this Fiscal:
Changing policy
makes for positive sentiments
PROJECTIONS
for India’s growth are positive with an improving policy
environment. Rating agency Fitch has forecast an 8 per cent growth for
the current fiscal 2015-16 for India saying that it is less vulnerable to risks
from capital flight due to the drop in oil prices and the reforms initiated by
the government. In its report, the agency said that India’s vulnerability has
diminished since 2013, crediting the changing policy environment for its
positive macroeconomic profile.
In its
India Development Update
report published recently, the World
Bank expects that India will grow by 7.5 per cent in 2015-16, 7.9 per cent
in 2016-17 and 8 per cent in 2017-18, with the decline in oil and commod-
ity prices. The Organisation for Economic Cooperation and Development
(OECD), meanwhile, said that India’s economic growth continued to firm
up, while the country’s credit rating outlook has been upgraded to ‘posi-
tive’ by global rating agency Moody’s Investors Service.
— Richard R Verma
US Ambassador to
India
THEY
SAIDIT
RICHARD
R VERMA
When & Where: Annual General Meeting of the
American Chamber of Commerce, New Delhi
“Cooperation on
infrastructure development
and Prime Minister Modi’s
Smart Cities initiative are
two of the largest potential
areas for US investment…
our bilateral trade in goods
and services finally crossed
that elusive US$ 100 billion
threshold last year… We
stand ready to work...to
increase that
mark to
US$ 500
billion…”
1,2,3,4,5,6 8,9,10,11,12,13,14,15,16,17,...62
Powered by FlippingBook