Economic Survey : Growth Forecasts

 
  • Gross domestic product (GDP) growth in 2016-17 pegged at 6.5%, down from 7.6% in last fiscal 2015-16.
  • Economic growth to rebound to 6.75 to 7.5% in 2017-18.
  • Farm sector to grow at 4.1% in 2016-17, up from 1.2% in 2015-16.
  • Growth rate of industrial sector estimated to moderate to 5.2% in 2016-17 from 7.4% in 2015-16.
  • Service sector is estimated to grow at 8.9% in 2016-17 GST
  • Structural reforms should take the growth rate trend  to 8-10%

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