Forecasters have revised their projections for GDP growth in the current financial year to 8.5 per cent from the earlier estimate of 8.4 per cent, according to an RBI survey.
“Forecasters have revised their real GDP growth rate forecasts to 8.5 per cent in 2010-11, from 8.4 per cent in the last survey, driven by increased agricultural surge and growth in services in the subsequent quarters,” according to RBI’s 13th Round of professional forecasters report.
Clarifying the survey did not represent RBI’s views, the central bank said forecasters had also pegged inflation at 6-6.9 per cent by the end of this financial year, against RBI’s projection of 5.5 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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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