Results of the Survey of Professional Forecasters on Macroeconomic Indicators- Round 42 - ആർബിഐ - Reserve Bank of India
Results of the Survey of Professional Forecasters on Macroeconomic Indicators- Round 42
Forecast of output growth, measured using Gross Value Added at basic prices, have been kept unchanged from the previous round of survey at 7.6 per cent in 2016-17 and 7.8 per cent in 2017-18. Quarterly growth projections for the next five quarters indicate that growth is likely to reach 8.0 per cent in Q2:2017-18. Forecast for CPI headline inflation has also been brought down from the previous round and it is expected to be less than 5 per cent from Q3:2016-17. Medium term (5 years) growth expectation remained unchanged 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 Four professional forecasters participated in the latest survey round (Round 42) conducted in September 2016. The results of the survey are presented in the Annex in a tabular form. 1. Highlights (Median of forecasts of the respondents)
2. Quarterly Forecasts
3. Long Term Forecasts
1 Data for the previous survey round were released on August 9, 2016 on the RBI website. 2 Forecasters were asked to assign probabilities in the fixed range |