After turbulent times in the Indian market, here is India’s Real GDP growth projections for FY 2009 by various Financial Institutions and Govt Organizations. [Figs in Percentage]
- ASSOCHAM 7.9
- Confederation of Indian Industries (CII) 8.0 -8.5
- Citigroup 7.7 to 8.3
- Merrill Lynch 7.9 to 8.2
- JP Morgan 7.0 to 7.5
- Centre for Monitoring Indian Economy (CMIE) 9.5 to 9.1
- NCAER 8.5 to 8.8
- Standard & Poor’s, CRISIL 7.8 to 8.1
- Asian Development Bank 8.0 to 8.5
- International Monetary Fund 8.0
- United Nations Organisation 8.2
- Economic Advisory Council to Prime Minister 8.5
- Reserve Bank of India 8.0 to 8.5
Hopefully we will maintain at least 7.5% with rising interest rates and global financial turmoil.