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Economic Outlook.pdf

FICCI-EOS-May-2016.pdf

🔗 Source: ficci.in

📊 Size: 881 KB

📄 Pages: 13 pages

⬇️ Downloads: 100

Summary

GDP growth estimated at 7.7% in 2016-17, supported by improved agricultural and industrial sector performance, with a good monsoon predicted after two years of sub-optimal rainfall. Quarterly GDP growth estimated at 7.4% in Q4 2015-16 and 7.6% in Q1 2016-17. IIP growth forecast at 3.5% in 2016-17, with inflation expected to remain range-bound, and fiscal deficit to GDP ratio in line with the government's indicative trajectory. Economists believe the fiscal deficit target for 2016-17 is achievable, but recovery in the banking sector is unlikely this fiscal year. Investment cycle expected to take at least two more quarters to recover, with pick-up likely post-monsoons.

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Description

GDP growth estimated at 7.7% in 2016-17, supported by improved agricultural and industrial sector performance, with a good monsoon predicted after two years of...

Technical Information

File Format: PDF
File Size: 881 KB
Pages: 13
Language: EN
Total Downloads: 100
Last Updated: 1 week ago

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