IMPORTANT GDP

PROJECTIONS FOR INDIA

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India’s growth rate projections for FY20 by various organizations

Various Organisations 2019-2020 2020-2021

Economic Survey 7% -
RBI (in its 4th (latest) bi-monthly report) 6.1% -
FICCI 7.1% 7.2%
CRISIL 6.3% -
NCAER (National Council of Applied Economic 4.9% -
Research)
ADB (Asian Development Bank) 6.5% 7.2%
World Bank 6% 6.9%
IMF (International Monetary Fund) 6.1% 7%
WTO (Global Growth forecast) 1.2% 2.7%
OECD (Organization for Economic Co-operation 5.9% 6.3%
and Development)
Note: Acc. to Economic Outlook for Southeast Asia, China and India 2020,
which is released by OECD, India’s Gross Domestic Product (GDP) could
grow 6.6% in 2020-24.
Moody’s 5.6% 6.6%
Note: Moody’s has cut its outlook for India’s credit ratings to “negative” from
“stable”.
S & P global ratings 6.3% 7%
Fitch 5.5% 6.2%
Note: Fitch has raised India's fiscal deficit forecast to 3.6% of the GDP for this
fiscal year, from 3.4% previously
Nomura 4.9% -

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