Indian economy likely to grow by 7.9% in FY 2017: CRISIL
Q. India’s economy is likely to grow by what percentage in Fiscal 2017, according to CRISIL?- Published on 10 Feb 16a. 7.7
b. 7.8
c. 7.9
d. 8.1
ANSWER: 7.9
According to CRISIL, the Indian economy is expected to grow at 7.9 percent in the fiscal commencing April which is much less than earlier forecast of 8.1% on account of intensification of international economic downturn. Economy’s modest recovery has been shaped by excellent fortune on crude oil and commodities. Economy has weathered two successive monsoon failures apart from slower economic growth cycle. Next fiscal will also see implementation of OROP and 7th Pay Commission.
