AMN /NEW DELHI
The India’s median GDP is forecast at 7.1 per cent for FY20 and 7.2 per cent for FY 21. The industry body FICCI’s economic outlook survey said that the minimum and maximum growth estimate stood at 6.8 per cent and 7.3 per cent, for 2019-20.
The survey was conducted in May 2019 among economists belonging to the industry, banking and financial services sectors.
Inflation is expected to remain moderate and the Wholesale Price Index (WPI) based inflation rate is projected at 3.1 per cent in 2019-20, While, the Consumer Price Index (CPI) based inflation has a median forecast of 4 per cent for 2019-20.