FICCI survey predicted GDP growth of India at 7.1% for FY20

FICCI’s (Federation of Indian Chambers of Commerce and Industry) economic outlook survey projected India’s median GDP (Gross Domestic Product) 7.1% for FY20 and 7.2% for FY21.
The survey was conducted among economists belonging to the industry, banking and financial services sectors. of Survey for 2019-20:
Minimum and maximum growth estimate stood at 6.8 per cent and 7.3 per cent.
Wholesale Price Index (WPI) based inflation rate is projected at 3.1% in 2019-20 with a minimum and maximum range of 2.1 per cent and 4 per cent, respectively.
Consumer Price Index (CPI) based inflation forecasted at 4% for 2019-20 with a minimum and maximum range of 3.5 per cent and 4.1 per cent, respectively.
The median growth forecast for agriculture and allied activities was pegged at 3%.

About FICCI: 
Founded: 1927
Headquarters: New Delhi, India
Founders: Ghanshyam Das Birla, Purshottamdas Thakurdas
President: Sandip Somany


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