INDIAN ECONOMIC GROWTH

India’s GDP will grow at 7.3% in 2018-’19, says World Bank

A report by the bank said the country would have to boost private investments and exports if it wanted to sustain higher rates of growth.

The World Bank on Wednesday predicted India’s Gross Domestic Product would grow at 7.3% in 2018-’19 and 7.5% in 2019-’20. The bank’s report – India Development Update: India’s Growth Story – attributed the growth to a stabilising economy post demonetisation and the roll out of the Goods and Services Tax.

The Narendra Modi government had scrapped currency notes of Rs 500 and Rs 1,000 denomination in November 2016, which led to a significant disruption in economic activity in India. Subsequently, growth for the first quarter of 2017-’18 fell to 5.7%. The government then rolled out the GST from July 1, 2017, which, due to its complex nature and technical glitches, came as another jolt to the economy. However, growth recovered to 6.3% in the second quarter of the fiscal, and 7.2% in the third.

However, the World Bank said India would need to boost its private investments and exports, as well as improve credit growth. It added that the country needed to make progress on the “unfinished reform agenda” if it wished to sustain higher GDP growth rates.

The report said that “maintaining hard-won macroeconomic stability, providing a definite and durable solution to the cleaning up of banks’ balancesheets, realising GST’s growth and fiscal dividend, and regaining momentum on the unfinished structural reform agenda” would be key to India achieving growth rates over 8% after 2019-’20.

The World Bank said that India would need to grow at over 8% for several decades if it was to attain middle class status by 2047. The bank’s report said that for such growth to be realised, India must focus on more inclusive growth, and enhance the effectiveness of its public sector.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.

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Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.