Question: According to FICCI, what is the percentage of growth forecast for 2016-17?
(a) 6.8
(b) 7.3
(c) 7.1
(d) 7.9
Ans: (a)
Related Facts :
- According to the latest round of FICCI’s Economic Outlook Survey report released on 30th January, 2017, the annual median GDP growth is forecasted at 6.8% for 2016-17.
- This is 0.5 percentage points lower than the estimate of 7.3% put across in the last round.
- The survey was conducted in the months of December 2016/ January 2017 and drew responses from leading economists representing industry, banking and financial services sector.
- The Central Statistical Organization had estimated a GDP growth of 7.1% for 2016-17 earlier in January this year.
- Industry and services sector are expected to grow by 5.7% and 8.5% respectively in 2016-17.
- Consumer Price Index has a median forecast of 4.7% for 2016-17, with a minimum and maximum range of 3.8% and 5.1% respectively.
- Wholesale Price Index based inflation rate for 2016-17 has been put at 3.4%, with a minimum and maximum range of 3.1% and 3.5% respectively.
- The median growth forecast for exports has been put at 2.2% for fiscal year 2016-17 and for imports at (-) 2.5%.
Reference:
http://ficci.in/SEdocument/20386/FICCI-EOS-January-2017-Jan-28.pdf
http://www.uniindia.com/ficci-s-economic-outlook-survey-projects-gdp-growth-of-6-8pc-for-2016-17/business-economy/news/765539.html