Facts and reference

As per the UN's 'The Economic and Social Survey of Asia and the Pacific 2017', India is expected to
achieve 7.1 percent growth this year & would edge up to 7.5 percent for 2018.

India's growth is expected to rebound to 7.2 percent in the 2017-18 fiscal and 7.7 percent in 2018-19
after disruptions caused by demonetization, as per the IMF (International Monetary Fund) report.

According to the (IMF) report, growth in Asia is forecast to accelerate to 5.5 percent in 2017 from 5.3
percent in 2016.

In a survey conducted during March and April 2017, FICCI predicted Indias gross domestic product
(GDP) growth will be around 7.4% for fiscal 2017-18, with a minimum and maximum level of 7% and 7.6%
respectively. ii. Agricultural sector is estimated to clock 3.5% growth in 2017-18. The industry and services
sector are expected to grow by 6.9% and 8.4% respectively in 2017-18.

<May 2017 Hindu Review: bankers adda>