Indian economy to grow at 7.4% in 2016: NCAER

Q.  Indian economy will grow at 7.4% in which fiscal according to NCAER?
- Published on 08 Feb 16

a. 2016
b. 2015-2016
c. Current fiscal
d. All of the above

ANSWER: All of the above
 
According to the National Council of Applied Economic Research, Indian economy will grow at 7.4% in the current fiscal (2015-2016). GDP growth rate forecast is 7.4% for 2015-2016 and 2016-2017. Prospects for agriculture sector in 2015-2016 were poor due to a deficient rainfall. Agricultural growth during the first half of the current year fell to 2.0% from 2.4% for the first half of 2014-2015.

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