Indian economy is growing this year- FICCI's report
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As per FICCI's latest Economic Outlook Survey, Indian economy will expand by 5.6 per cent during 2014-15.
If we look at the survey , it says "The new government, guided by the objective of restoring growth and governance, has given very positive policy signals in its first 100 days. We see the confidence amongst investors slowly returning and hope that going ahead the momentum on implementation front will build up,"
Have a look at main points
Retail inflation is expected at 7.8 per cent this fiscal
The minimum GDP growth in the current fiscal is indicated at 5.3
Maximum GDP growth in the current fiscal is indicated at 6 per cent .
Agricultural growth is expected to remain steady
Outlook for the industrial sector is expected to grow by 4.7 per cent in FY15.
The growth in the services sector is likely to grow by 6.9 per cent in FY15.
The CAD to GDP ratio for FY 15 was projected at 1.9 per cent.
This report can be seen as a good news for economy as it shows more improvement in near future.
If we look at the survey , it says "The new government, guided by the objective of restoring growth and governance, has given very positive policy signals in its first 100 days. We see the confidence amongst investors slowly returning and hope that going ahead the momentum on implementation front will build up,"
Have a look at main points
Retail inflation is expected at 7.8 per cent this fiscal
The minimum GDP growth in the current fiscal is indicated at 5.3
Maximum GDP growth in the current fiscal is indicated at 6 per cent .
Agricultural growth is expected to remain steady
Outlook for the industrial sector is expected to grow by 4.7 per cent in FY15.
The growth in the services sector is likely to grow by 6.9 per cent in FY15.
The CAD to GDP ratio for FY 15 was projected at 1.9 per cent.
This report can be seen as a good news for economy as it shows more improvement in near future.
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