World Bank Forecast GDP growth rate for India:
• 5.7% in 2013-14
• 6.5% in 2014-15
• 6.7% in 2015-16
IMF’s GDP growth:
• 5.6 %- For India (According to World Economic Outlook ) for 2013.
• 3.3 %- For global growth.
India’s GDP growth Forecast from Others:
• The Economic Advisory Council to the Prime Minister (of India) lowers growth projection for 2013-14 to 5.3 percent from 6.4 percent projected earlier.
• India’s GDP growth likely to be at 5.2% in 2013: United Nations Conference on Trade and Development (UNCTAD).
• RBI recently in its quarterly review has scaled down the growth projection for the current fiscal to 5.5 per cent from its earlier estimate of 5.7 per cent.
• Asian Development Bank lowered its growth projection for India to 5.8 percent in calendar 2013 from 6 per cent estimated earlier, citing the slow progress of economic reforms.
• HSBC cuts India’s GDP growth forecast to 4%
• OECD (Organisation for Economic Co-operation and Development) scaled down India’s Growth Rate at 5.3 Percent
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