News India to grow at 7.5% this fiscal

Technoglitch

Technoglitch

Core Member
Ratings firm Fitch has projected Indian economy to grow at 7.5 per cent for fiscal ending March 31, 2016.

Indian economy grew at 7.3 per cent in last fiscal. The Reserve Bank has estimated GDP growth in current fiscal to be 7.4 per cent.

The economy is expected to grow at 8% in FY17, the ratings agency said. It also affirmed India's 'BBB-' ratings and said the outlook for the economy is stable.

On December 3, 2015, Standard & Poor's Ratings Services projected India's economy will grow at 7.4 per cent in the current fiscal, which will further improve to over 8 per cent in 2016.

India to grow at 7.5% this fiscal: Fitch- Business News
 
Prateek Marwadi

Prateek Marwadi

EntMnt Rockers
Finest Member
no. it means in gdp.
for example : india 's total goods n services in 2015 financial year is 100 rs. so in next year it ll b 7.5% means 100+ 7.5%.
goods n services in laymen language is whatever goods we produce within india + whatever services we produce within india.
in short national income of a country.
in economics - NNPfc i.e. net national product at factor cost.
 
Prateek Marwadi

Prateek Marwadi

EntMnt Rockers
Finest Member
if inflation is 10 % so automatically GDP would be @ 10 %

IMPROVE GDP means when we have = GDP > Inflation
when inflation is higher than gdp then it is not improving.

so if my money in the bank gives a lesser return than inflation then my money is reducing,

e.g. bank rates = 4 %
but inflation is 8 %

so my money after 1 year is 100+ 4% - 8% = 100+4-8= 96 rs
 
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