 "RBI's professional forecasters' survey sees growth at 7.8%")
Professional forecasters' survey of the Reserve Bank of India's (RBI) said the country's gross value added (GVA) economic growth would be at 7.4 per cent in 2015-16 and at 7.8 per cent in 2016-17.
The survey is not RBI's own view but is organised by the apex banks and is considered important. The survey outcome was largely in line with RBI's own projection of 7.4 per cent in 2015-16 and 7.6 per cent in 2016-17. RBI projected these numbers in its sixth monetary policy on February 2.
In 2014-15, the forecasters expected 'agriculture & allied activities' and 'services' to grow at 1.8 per cent and 9.1 per cent. 'Industry' was pegged at growth of 6.9 per cent. In 2016-17, GVA growth was expected to be led by services growth of 9.3 per cent.
The survey is not RBI's own view but is organised by the apex banks and is considered important. The survey outcome was largely in line with RBI's own projection of 7.4 per cent in 2015-16 and 7.6 per cent in 2016-17. RBI projected these numbers in its sixth monetary policy on February 2.
In 2014-15, the forecasters expected 'agriculture & allied activities' and 'services' to grow at 1.8 per cent and 9.1 per cent. 'Industry' was pegged at growth of 6.9 per cent. In 2016-17, GVA growth was expected to be led by services growth of 9.3 per cent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%