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Growth projected at 7.4 pc for 2018-19, 7.5 pc for 2019-20


The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for 2018-19 at 7.4 per cent and for 2019-20 at 7.5 per cent. The survey was conducted during October/November 2018 among economists belonging to the industry, banking and financial services sectors.


The median growth forecast for agriculture and allied activities has been put at 3.9 per cent for 2018-19. Industry and services sectors are expected to grow by 6.8 per cent and 8.2 per cent, respectively, during 2018-19.


Participating economists unanimously called for a need to boost exports to safeguard the economy from challenges arising on the external front and also felt that the functioning of Special Economic Zones must be relooked at. Efforts must be taken to enhance the functioning of such zones to provide a boost to exports with focus upon addressing domestic bottlenecks, they opined, said a release.


Source : Exim News Service - NEW DELHI, Dec. 5


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