Government lowers FY16 GDP growth forecast to 7-7.5%
NEW DELHI: India is expected to grow by 7-7.5% in 2015-16, slower than the previous estimate of 8.1-8.5% as weak exports, sluggish farm sector and private investment weighed on faster expansion, the government’s mid-year review showed on Friday.
In the Economic Survey of 2014-15, the finance ministry had forecast a growth of 8.1-8.5% for the current fiscal which ends in March. While RBI estimated growth to be about 7.4% this year, private economists and multilateral agencies said the Indian economy will expand close to 7.5%. The Indian economy, Asia’s third largest, is seen as a bright spot against the backdrop of slowing growth across the world. Even with this growth rate, India will still be the fastest growing economy in the world.
Realistic and it will be diluted further and actuals will be further down . India lost a golden opportunity to bring reforms and growth an development shunted will the virulent opposition. Do we need democracy !? It is most abused and misused as secular and Presidential system is only a way forward.
fools in india ellect illiterate people like FEKU which results in economic doom
There is no doubt India’s Growth Numbers are Exaggerated. IMF and The World Bank Bank want to project India as the fastest Growth Economy as it suits their political objective. Investors though are not fools.
Fine, but where are the promised Aacche din? Dal is still at 200,tomatoes at 40 and all winter vegs at over 60.
Thanks to economist manmohan singh for bringing economic chnges in INDIA. fools of BJP/RSS are not yet able to bring anything solid on table yet… Foreign relations and economy have both downtrend with MODI
If we cannot grow when the crude & commodities prices are at the lowest & we are net importers of both, then when will we grow ?
The golden opportunity have been missed by an inept government which lacks experience and talent.