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Jefferies Sees India GDP Growth Reaching 6.5–7% This Fiscal
India’s economy appears to be growing more strongly than expected.
Jefferies is a brokerage that studies economic trends.
It expects India’s economy to grow by 6.5–7% after adjusting for price changes this financial year.
Growth measured without adjusting for price changes could be 11–12%.
People buying goods and services are helping the economy.
Banks are also lending more money.
Several important parts of the economy are becoming more active.
Together, these factors are supporting India’s growth.
Jefferies expects India’s real GDP growth to reach 6.5–7% in the current financial year.
Nominal GDP growth could remain between 11% and 12%.
Domestic consumption is providing support to the economy.
Rising bank lending is contributing to stronger economic momentum.
Activity is improving across key sectors, according to the report.
- Who
- Jefferies and India’s economy are central to the outlook.
- What
- Jefferies forecasts real GDP growth of 6.5–7% and nominal GDP growth of 11–12%.
- Where
- India.
- When
- During the current financial year; the articles do not specify the year.
- Why
- Domestic consumption, rising bank lending and improving activity across key sectors are supporting growth.
Key facts
- Real GDP growth forecast
- 6.5–7% in the current financial year
- Nominal GDP growth forecast
- 11–12%
- Growth driver
- Domestic consumption
- Financial support
- Rising bank lending
- Sector activity
- Improving activity across key sectors
- Assessment
- Economic growth is showing stronger momentum than expected
Sources
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