Budget 2017: India seen as an engine of global growth
Shital Jibhe / 01 Feb 2017
According to FM, ‘IMF estimates world GDP will grow by 3.4 per cent in 2017.' FM also listed the threats to the economy in terms of oil prices, rising dollar and volatile commodity prices globally posing a risk to the domestic economy.
Finance Minister Arun Jaitley started his Budget speech by highlighting India’s economy prowess vis-à-vis global economy.
According to FM, ‘IMF estimates world GDP will grow by 3.4 per cent in 2017.' FM also listed the threats to the economy in terms of oil prices, rising dollar and volatile commodity prices globally posing a risk to the domestic economy.
Uncertainty around global commodity prices to have an impact on Indian economy. Monetary Policy stance by the US Fed, will be a concern for emerging economies.
The FM has also raised concern about the global protectionism approach however, remains optimistic of exports to improve in the year ahead.
Nifty and BSE Sensex were trading with gains of 0.21 and 0.24 per cent as of 11.29 am.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.