Crisil Sees GDP growing at 7.9% in 2016-17

The country’s GDP can grow by 7.9 per cent next fiscal if the monsoon is normal and the government implements the reform measures announced so far, domestic rating agency Crisil. Even though he flagged concerns on the banking front, It implementation of reforms should help the economy achieve higher growth and termed 2016-17 as the “year of reckoning” which has the potential to illustrate the path which the economy can take.

India has faced weather shocks for three consecutive years, including two years of deficient rains in 2014 and 2015, and a normal monsoon season this year can lead to a 4% growth in agriculture on lower base effect.

Extra info:
  • CRISIL (formerly Credit Rating Information Services of India Limited) is a global analytical company providing ratings, research, and risk and policy advisory services.
  • CRISIL’s majority shareholder is Standard & Poor’s(S&P), a division of McGraw Hill Financial and provider of financial market intelligence.

So lets do:
What is the expected GDP of India next fiscal?

Source – The Hindu


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