India’s Economy Will Grow By 7.7% In 2016-17: FICCI Survey

India’s economy will grow by 7.7% in the current fiscal, according to the survey by the Federation of Indian Chambers of Commerce and Industry (FICCI), an association of business organizations in India.

The FICCI report has put probable agricultural sector growth at 2.8%, with a range of minimum 1.6% to maximum 3.5%. The growth in the industrial sector is expected to go up by 7.1%, and for the services sector, the survey predicts a 9.6% growth. The report is based on views and opinions of economists collected in April/May 2016. The Reserve Bank in April had forecast a 7.6 % growth for the current fiscal on the back of favourable monsoon, a mark lower than the upper end of government’s range of 7 % to 7.75 %.

So let’s do:
1. Expand the term FICCI ?
2. India’s economy will increase by ______ in the current fiscal. 

Source – The Hindu


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