Credit Suisse report stated that Indian economy is expected a growth of 7.8 per cent in the current fiscal year due to improvement in agriculture and private consumption
Swiss Financial Major:
First Six months of 2016-17, growth will be increasing at current levels, the improvement is take place in the second half of year.
Credit Suisse expected that growth to improve to 7.8% in current fiscal from 7.5%
- Improvement in Agriculture and Private consumption leads to Success but Corporate Investment and Exports remain monotonous.
- The report estimated GDP growth for January-March quarter of 2015-16 to speed up to 7.5 per cent from 7.3 per cent in the October to December Quarter.
Credit Suisse on Consumption:
Improvement in Second Half of the Current fiscal due to rural consumption and implementation of Pay Commission
Improvement in Imports:
Reasons: Weak domestic private investments in non-oil, non-gold imports
Macro environment should be favorable for equity markets
Environment of improving growth and manageable inflation is encouraging
About Credit Suisse:
♦ Founded in 1856
♦ Focus: To generate a geographically balanced stream of revenues and net new assets and allows us to capture growth opportunities around the world
♦ Tidjane Thiam – Chief Executive Officer