EIC Framework: Economic Analysis of India

In 2016, the global economy grew at 2.3% and global trade moved at the slowest pace since the global financial crisis. This was a result of less demand from advanced countries, less import by commodity exporters, and protectionist policies (inward-looking trade policies) in the US, the UK, and other nations. The US government signaled an increased expenditure on infrastructure projects, reduced tax, and the use of protectionist policies. In the Euro Zone, the overall growth fell from 2% in 2015 to 1.6% in 2016 due to a fall in local and export demand. But the unemployment rate decreased and economic sentiment improved despite the Brexit vote in June 2016....