Indian Economy To Grow At 6.7% In Current Fiscal: NCAER

Posted By: Religare
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Economic think-tank NCAER has said that the Indian economy is projected to grow at 6.7 per cent in the current financial year and 7.5 per cent in 2018-19.

Indian Economy To Grow At 6.7% In Current Fiscal: NCAER
As per reports, the figures are in line with the growth projections in this year's Economic Survey, which said India is likely to clock 7-7.5 per cent growth in 2018-19, up from 6.75 per cent in the current fiscal.

Commenting on the issue, a NCAER Official told the media, "NCAER forecasts a growth of 6.7 per cent for the Gross Domestic Product (GDP) at market prices... For 2018-19, NCAER forecasts a growth of 7.5 per cent for GDP at market prices."

"In 2017-18, the real agriculture Gross Value Added (GVA) is envisaged to grow at 1.0 per cent, real industry GVA at 5.2 per cent, and real services GVA at 8.0 per cent," he added.

"The wholesale price index (WPI) inflation is projected at 6.4 per cent for 2017-18," he added.

Read more about: economy, gdp
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