Indian economy is projected to grow at 77.4 percent in the current fiscal, economic policy think-tank NCAER said Thursday.
According to a report by the National Council of Applied Economic Research (NCAER), the real agriculture Gross Value Added (GVA) is envisaged to grow at 3 percent and real industry GVA at 7 percent in 2018-19.
“The forecast for Gross Value Added (GVA) at basic prices is 7.07.4 percent. These forecasts at constant (201112) prices are based on NCAER’s annual GDP macro model,” NCAER’s Mid-Year Review of the Economy said.
GDP growth rate at market prices estimated at 7.47.7 percent for 201819, the report said.
The growth rates of exports and imports, in dollar terms, are estimated at 11.8 percent and 16.9 percent respectively.
The current account balance and central fiscal deficit, as percentages of GDP, are projected at -2.3 percent and 3.2 percent respectively.