Rajiv Kumar said the Niti Aayog should put out its own forecasts rather than relying on estimates by other organizations. Kumar said it was better for NITI Aayog to put out its own projections through an economic growth forecasting unit rather than rely on estimates by other organizations. “For fiscal 2018 as a whole, we are in the process of revising down our GDP growth forecast from 7.4% stated earlier. Bhanumurthy, professor at think tank National Institute of Public Finance and Policy, said 7-7.5% GDP growth is achievable next quarter. Kumar said job creation, increasing farmers’ incomes and enabling migration of agricultural workers to more productive segments of the economy will also remain in NITI Aayog’s focus.

Source: Mint September 01, 2017 10:52 UTC