In two previous financial years India has grown below 5% mainly because of the global slowdown coupled with domestic economic sluggishness. Reserve Bank of India expects the economy to pick up and grow at over 5.5 per cent by March 2015. Moreover, the formation of a new government which reflected in the stock market surge and strengthening of the domestic currency.
CLIs (composite leading indicators) suggest “the growth momentum is weakening in most major emerging economies. As a whole for the OECD and for the United States and Canada, CLIs purpose to stable growth momentum.
The growth momentum is expected to stabilize at above-trend rates, while in Japan it points to an intermission in its growth momentum, in case of the United Kingdom. CLIs continue to indicate a positive change in momentum in the euro area as a whole and in Italy. CLIs point to a stable growth momentum in France and Germany.
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