Rating agency ICRA Ltd expects gross domestic product (GDP) growth in the fourth quarter of the fiscal 2017-18 at 7.4% on account of good Rabi crop harvest and improved corporate earnings, up from 7.2% in the third quarter.
The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the March 2018 quarter and provisional annual estimates for the year 2017-18 on 31 May. As per ICRA, the growth of the Indian gross value added (GVA) at basic prices in year-on-year (YoY) terms is likely to record a considerable recovery to 7.3% in Q4 FY2018 from 6.7% in Q3 FY2018, thereby rebounding above 7% after a gap of five quarters.
Source- The Livemint
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies.
- Mr. Naresh Takkar is the Managing Director & Group CEO of ICRA.