Monday, October 8, 2018

Govt : GDP to exceed RBI's forecast

According to Economic Affairs ministry  GDP growth is expected to be higher than the RBI’s projection of 7.4 per cent for the current fiscal. 

The RBI retained GDP forecast for 2018-19 at 7.4 per cent based on an overall assessment. Government welcomes MPC statement and decision to keep the rates unchanged. Government’s assessment of inflation is in line with the MPC’s assessment. The ministry believes growth should turn out to be higher than that projected by MPC.

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