November 6th 2019
REPORTED GROWTH BUT SLOWER THAN EXPECTED
2018 GDP had performed slower if compared to 2017, 7.2% versus 8.2%. Also 2019 forecast isn’t achieving 2017 results with 6.8%. 2020 GDP is forecasted to grow but very slow at 7.0%.
India strengths are represented by diversified drivers, a good level of saving and investments, an efficient private sector represented by services and a quite low level of external debts with good foreign exchange reserve. But on the opposite side, India is showing high corporate debt, importer of energy resources, lack of infrastructure, bureaucracy and political turmoil.
Domestic consumption is low, only 60% of GDP affecting overall economic results. Also investments declines with a negative impact on market labor with increase of unemployment with the higher results in the last 45 years. Positively, inflation level at 5% as forecasted by Central Bank due to weaker energy and food prices.
New Modi government is concentrated to increase employment, investments in private sectors and stimulate private consumptions. Indian Banks are is a tough period, due to scandals in 2018 and 2019 and involved by reforms to cleaning up the banking system.
Exports have slowed but imports are increasing thanks to stimulus measures to boost domestic demand. Increasing demand for gold after demonetisation has an important role in driving imports and at the same time rupees is still subject to depreciation.
From political point of view, Kashmir remains a source of tension between India and Pakistan after suspensions of diplomatic talks in 2016, even if both sides have interest in preserving status quo.
To know more about India: Clieck here
India is the 11th largest importer in the world, even if last five years reported a decrease.
India is 17th largest exporter in the world, and in the last five years the exports have increased.
SkyMinder is the worldwide CRIF platform helping you to take decisions based on high quality information. If you are required to evaluate a business partner in India or in country dealing with companies in India, a customer or a supplier, during a risk evaluation process or for compliance requirements or a cyber risk assessment, SkyMinder is the right solutions.
Credit Reports: reports with information related to all companies in India, including firmographics, credit limit, risk indicator, management, shareholders, negative events etc.
Planned revision services: possibility to plan in advance full revision of Credit Report and understand if scenario is stable or something changed.
Compliance Reports: reports with different level of details useful for compliance purposes, from shareholders identification (KYC and KYS) to Anti Bribery and Money Laundering lists checks.
KYND Cyber Risk Report: analizes up two web sites to a company assessing the level of cyber risk.
Due Diligence Field Visit: a report realized based an inspection at the company premises.
With SkyMinder you can easily access to the most valuable information from the highest quality local providers in a global layout. Our strengths are: worldwide data availability, attention to market needs, focusing on strategic and helpful information, country specificity with observance of specific rules in terms of data availability; risk level and credit limit always available.