India will see a three-fold jump in GDP.
Preeta Misra, head, financial education solutions, Dun & Bradstreet -- India, said, "The economic downturn has opened up opportunities for companies in India, as with the decrease in the attrition rate of employees, companies can now have the crucial talent they need. They can identify and build leaders for tomorrow and set up efficient internal processes in place to build the future growth."
Inflation may touch the six per cent-mark by the end of this fiscal due to surging food prices and decline in agricultural output, research firm Dun & Bradstreet said.
"We are maintaining our forecast of eight per cent growth for the current financial year despite the dwindling global economic scenario," Dun & Bradstreet India Chief Operating Officer Kaushal Sampat said. The global credit crisis might have slight impact on the Indian economy, but there would not be any significant impact as the financial institutions in the country were insulated, and regulators should be given credit for this, Sampat added.
A drop in inflation rate to below 5 per cent and moderation in industrial production growth to 11.1 per cent, could imply that the Reserve Bank of India may maintain status quo in its quarterly monetary policy this month-end.
The IT and ITeS sectors expect a reduction in minimum alternate tax (MAT) and dividend distribution tax in the next month's Union Budget, a senior economist said on Tuesday.
The Dun & Bradstreet Composite Business Optimism Index stands at 81.1 during the 2nd quarter of 2016
The level of optimism about business environment among chief financial officers in the country declined in April-June.
Index of Industrial Production is expected to have grown by 1-2 per cent in April, D&B said in a research note, adding that the pace of improvement in consumption and investment demand is likely to take place as per the measures taken by the new government.
D&N cites positive changes in momentum in certain segments of economy, but says some areas of concern remain
The top line growth for the 500 companies slowed down to 8.7 per cent.
India's gross domestic product growth, which had fallen under 5 per cent, is expected to be between 5.4 per cent and 5.9 per cent this fiscal.
According to the report, going forward, inflationary pressures in some items may increase due to slight improvement in demand.
According to the global business information, knowledge and insight provider, India is likely to achieve an average growth rate of around 7.5 per cent during FY15-FY20.
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India's economy grew 4.7 per cent in 2013-14, following an expansion of 4.5 per cent in 2012-13. In the fourth quarter of 2013-14, growth remained subdued at 4.6 per cent, mainly due to a decline in manufacturing and mining output.
According to the Dun & Bradstreet CFO optimism index, nearly half of the surveyed CFOs expressed optimism regarding the macro economic scenario for the Indian corporate during the April-June quarter of this year.
India is likely to clock a GDP growth of 5.5 per cent during the current financial year provided there is normal monsoon and stable government at the centre, says a D&B report.
According to D&B, food price levels might witness a rebound as foodgrain production is estimated to have declined during 2014-15.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
The RBI Governor brought down retail inflation to 3.8% in July.
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