According to the Ficci survey, agriculture is expected to record an average growth of 2.8 percent in the current fiscal. Industry chamber Ficci on Monday said its latest opinion survey of economists has forecast India’s GDP to grow 7.7 percent in the financial year ending March 31, 2017. The union finance ministry’s Economic Survey tabled in parliament in February pegged growth for the fiscal in the 7-7.5 per cent range. “The results of latest round of Ficci’s Economic Outlook Survey puts across a median GDP growth forecast of 7.7 percent for the fiscal year 2016-17,” said a statement issued by Federation of Indian Chambers of Commerce and Industry (Ficci) here. The country’s GDP growth for the third quarter of 2015-16 slowed to a four-quarter low at 7.3 per cent, as against the 7.7 per cent it had grown at in the second quarter.

Source: Hindustan Times May 30, 2016 14:48 UTC