To­wards 8% Growth Rate

The Economic Times - - Economy: Macro, Micro & More Looking Ahead: 3-year -

MTEF doc­u­ment sees nom­i­nal GDP growth (with­out ad­just­ing for change in prices) pick­ing up pace to12.3% in both FY19 and FY20 against 11.75% growth in the cur­rent years. As­sum­ing a con­sumer in­fla­tion of about 4%, this should trans­late into over 8% growth in these two years. IMF ex­pects the In­dian econ­omy to grow 7.2% in cur­rent fis­cal.

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