Results of the Survey of Professional Forecasters on Macroeconomic Indicators- Round 40 - RBI - Reserve Bank of India
Results of the Survey of Professional Forecasters on Macroeconomic Indicators- Round 40
Output growth, measured using Gross Value Added at basic prices, is likely to improve gradually in 2016-17 and further in 2017-18. Quarterly growth projections for the next five quarters indicate that growth is likely to improve. CPI headline inflation is likely to remain in the range of 5.1 per cent to 5.3 per cent during FY: 2016-17. Medium term (5 years) growth expectation increased marginally at 8 per cent and inflation forecast remained unchanged at 5 per cent as indicated in the last round of the survey. The Reserve Bank has been conducting the Survey of Professional Forecasters since September 2007. The results of the survey represent the views of the respondent forecasters and in no way reflect the views or forecasts of the Reserve Bank of India. Twenty Three professional forecasters participated in the latest survey round (Round 40) conducted in May 2016. The results of the survey are presented in the Annex in a tabular form. Highlights 1. Annual Forecasts (Median of forecasts of the respondents)
2. Quarterly Forecasts
3. Long Term Forecasts
1 Data for the previous survey round were released on April 5, 2016 on the RBI website. |