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India's growth forecast News

06 Dec 2017

RBI says economy on the mend; sees growth gaining momentum

In the Fifth Bi-Monthly Monetary Policy Review for 2017- 18, where it left the key policy rate unchanged, the central bank sounded confident of the economy achieving its previous growth estimate of 6.7 percent on a gross value-added basis, with risks evenly balanced.

06 Dec 2017

RBI leaves key rate unchanged; retains growth forecast at 6.7%

RBI raised the inflation estimate to 4.3-4.7 percent, from the earlier projection of 4.2-4.6 percent, for the second half of the current financial year.

India's growth forecast

11 Oct 2017

India's growth downgrade a blip in much positive long-term picture: IMF

The latest IMF report lowered India's growth projection to 6.7 percent in 2017, 0.5 percentage points less than its previous two forecasts and attributed it to demonetisation and introduction of the GST.

Asian Development Bank

26 Sep 2017

ADB trims India growth forecast to 7% for current year

Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively, the Manila-based lender said.

mid-year economic survey

14 Aug 2017

Achieving high end of 6.75-7.5% growth difficult; inflation to be below RBI's 4% target: Economic Survey

For the first time today, the government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February.

India's economic growth

05 Jun 2017

India to retain ‘fastest growing’ tag; World Bank projects 7.2% growth rate this year

Noting that India is recovering from the temporary adverse effects of demonetisation, the World Bank has projected a strong 7.2 percent growth rate for India this year against 6.8 percent growth in 2016.

India's economic growth

09 May 2017

India's economic growth expected to rebound to 7.2% in 2017-18 after temporary disruptions caused by note ban: IMF

India's growth is expected to rebound to 7.2 percent in the 2017-18 fiscal and 7.7 percent in 2018-19 after disruptions caused by demonetisation, the IMF said on Monday, while recommending the removal of long-standing structural bottlenecks to enhance market efficiency.

India's economy

18 Apr 2017

IMF cuts India's growth forecast to 7.2% for 2017

The IMF on Tuesday trimmed India's annual growth forecast by 0.4 percentage points to 7.2 percent for 2017, citing the impact of demonetisation.

India's economic growth

22 Feb 2017

India's GDP growth projected to slow to 6.6% post-demonetisation: IMF

India's growth is projected to slow to 6.6 percent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of "temporary disruptions" caused by demonetisation, the IMF said Wednesday.

12 Jan 2017

Adverse effects of demonetisation on India's economy will disappear in medium term: World Bank

The World Bank expects private investment to accelerate as firms and banks undertake the necessary measures and the effects of important structural reforms start being felt.

India's growth forecast

09 Jun 2016

World Bank downgrades India's growth rate by 0.2%, predicts 7.6% growth

The bank also modified its projections for India's growth rate in 2017 and 2018 by a marginal down gradation of 0.2 percent to 7.7 percent growth in both the years.

14 Mar 2016

Morgan Stanley revises India growth estimate for 2016 to 7.5%

Morgan Stanley Monday revised its growth forecast for India for 2016 to 7.5 percent from 7.9 percent previously and noted that the country's economy is expected to see tepid recovery largely owing to external factors.

India's economic growth

18 Feb 2016

Indian economy to grow robustly at 7.4% next fiscal: OECD

The Organisation for Economic Cooperation and Development (OECD) has raised India's growth forecast compared to 7.3 percent expansion projected in November 2015.

29 Dec 2015

Indian economy likely to grow at 7-7.5% in 2016: Kaushik Basu

Until October, the World Bank retained India's growth forecast at 7.5 percent for 2015-16 and expected it to be 7.8 percent in 2016-17 and 7.9 percent in 2017-18.

India's economic growth

03 Dec 2015

ADB keeps India's growth forecast unchanged at 7.4% this year

The Asian Development Bank (ADB) on Thursday kept its economic growth forecast for India unchanged at 7.4 percent for the current financial year and 7.8 percent for the next fiscal.

23 Sep 2015

`India doesn't need extra stimulus, will grow over 8%`

India does not need further fiscal stimulus to revive the economy, despite record low inflation and growth seen at the lower end of an 8.1-8.5 percent target this financial year, chief economic adviser Arvind Subramanian said on Wednesday.

08 Sep 2015

UBS cuts India's growth forecast to 7.1% for FY16

Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.

India's economic growth

07 Nov 2014

India Ratings lowers growth forecast to 5.6%

Domestic ratings agency India Ratings on Friday marginally revised down its economic growth estimate for 2014-15 fiscal to 5.6 percent citing poor industrial performance, and warned that the government will slip on the fiscal deficit front.

25 Sep 2014

Indian economy showing turnaround; ADB ups 2015 growth to 6.3%

Revising India's GDP upwards by 0.3 percent to 6.3 percent in 2015, Asian Development Bank (ADB) has said the economy shows a new promise of turnaround after the election brought a stable government in May.

India's growth forecast

18 Jul 2014

ADB projects 5.5% growth for India in 2014-15

Expectations of economic reform by Prime Minister Narendra Modi's new govt mean that the Manila-based lender has raised its 2015 growth forecast for India to 6.3 percent from 6.0 percent.

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