Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Amongst BRIC nations, India is the only country that is not struggling to keep growth at desired levels. However, slowing global economy has impacted India, according to Nordea Bank. The country’s exports have contracted, while imports have dropped to a comparable magnitude. Hence net exports have almost contributed nothing to the economic growth in 2015.

As global trade is likely to remain weak, India requires depending on domestic demand, added Nordea Bank. The steady pace of reforms is expected to boost investment that will then increase private consumption, wages and production, noted Nordea Bank.

“We have fine-tuned our growth forecasts to slightly more than 7.5% for the coming two years”, says Nordea Bank.

India’s industrial sector contributes just 30% to the GDP, as compared to the service sector. This is partially why the country has lower labor productivity than its peers in Asia. Meanwhile, the Reserve Bank of India lowered rates to 6.5% in early April to avoid the strong headwinds in the global economy from impacting the domestic activity of the country.

However, the central bank is unlikely to further lower rates in the remainder of 2016 because of two risks on the upside to RBI’s inflation forecast of 5% for 2016, noted Nordea Bank. Firstly, the country is expected to have a third consecutive year of poor monsoon rains that might accelerate food prices. And secondly, public servants will receive an increment of around 24% in salary in 2016.

The central bank aims to keep positive real deposit rates of 1.5%-2%. Furthermore, the RBI has undertaken many actions to rebound rate transmission, such as a closer link between policy rate and lending rates. The central bank has lowered rates by a total of 150 bp in the past 15 months; however, the major banks have only passed on 55bp to their consumers. Therefore, the central bank is expected to wait and watch if the rate transmission is better before mulling lowering rates again, added Nordea Bank.