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Crisil slashes GDP growth by 100 bps to 6.9% for FY'17

Agency says that it expects the CPI-based inflation to print lower at 4.7% as compared to its earlier estimate of 5%

Press Trust of India  |  Mumbai 

Expecting economic recovery from demonetisation to take a couple of months, ratings firm Crisil today lowered the country's GDP growth forecast by 100 basis points to 6.9% from 7.9% earlier for the current financial year. At the same time, the agency said it expects the consumer price index (CPI)-based inflation to print lower at 4.7% as compared to its earlier estimate of 5%. "Assuming that it will take at least a couple of months for the situation to normalise, we have sliced 100 basis points off this fiscal's GDP growth to 6.9% from 7.9% estimated ...


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First Published: Thu, December 01 2016. 21:48 IST