DO YOU AGREE WITH THE GROWTH ES­TI­MATES OF THE BUD­GET?

India Today - - COVER STORY -

AD.K. JOSHI

They are achiev­able if we get nor­mal rains. Our es­ti­mate is 7.4 per cent real growth and 11.6 per cent nom­i­nal growth in 2017-18

ASHIMA GOYAL

Yes, 7-8 per cent growth and 4-5 per cent in­fla­tion are fea­si­ble ranges, adding up to the as­sumed 11.75 per cent nom­i­nal rate of growth

USHA THO­RAT

The Cen­tral Sta­tis­tics Or­gan­i­sa­tion (CSO) has re­vised up­ward es­ti­mates for last year. The bud­get gen­er­ally uses CSO ad­vance es­ti­mates, which are not avail­able. Hence, the ba­sis for the re­vised es­ti­mate stated to have been used is not clear

ADITI NAYAR

The fore­cast for nom­i­nal GDP growth (11.75 per cent) may be slightly op­ti­mistic. ICRA’s base­line ex­pec­ta­tion is that GDP growth will im­prove to 7.2 per cent in FY2018. Fac­tor­ing in av­er­age CPI and WPI in­fla­tion of 4.5 and 3.8 per cent, re­spec­tively, we ex­pect nom­i­nal GDP to ex­pand by 11.2 per cent in FY2018.

N.R. BHANUMURTHY

Yes. As de­mon­eti­sa­tion has post­poned pri­vate con­sump­tion de­mand, one should ex­pect higher pri­vate de­mand in FY18 com­pared with FY17. To­gether with this, in­crease in pub­lic in­vest­ments should help achieve growth tar­gets

RA­JIV KU­MAR

I agree. Ac­tual growth could be higher

ASHOK GU­LATI

FY18 growth is likely to hover be­tween 6.5 and 7 per cent

NAUSHAD FORBES

The bud­get has been quite con­ser­va­tive in pro­ject­ing growth for 2017-18. Given the un­cer­tainty about global and domestic eco­nomic trends, it is hard to give a de­fin­i­tive growth pro­jec­tion

SAMIRAN CHAKRABORTY

The growth es­ti­mates are very much in line with our (Citibank) nom­i­nal growth as­sump­tions of 11.8 per cent

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.