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Government predicts 11.75% nominal GDP growth for 2017-18

Government predicts 11.75% nominal GDP growth for 2017-18

Thursday, February 2, 2017, 9:39 AM

The government predicted 11.75% nominal gross domestic product (GDP) growth for the financial year 2017-18. With a relatively benign inflation trend, the prediction could push India’s real or inflation adjusted economic growth to about 7-7.5 percent. The government said that the prospects for Indian economy for the year 2017-18 need to be assessed in the light of emerging global and domestic developments.
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