{"id":46603,"date":"2019-10-09T15:00:24","date_gmt":"2019-10-09T09:30:24","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=46603"},"modified":"2020-01-09T12:10:32","modified_gmt":"2020-01-09T06:40:32","slug":"india-gdp-growth-forecast-2019","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/india-gdp-growth-forecast-2019\/","title":{"rendered":"India’s GDP Growth Forecast for FY 2019-20 by Various Financial Organizations"},"content":{"rendered":"

In this blog post let us look at\u00a0India’s GDP Growth Forecast 2019-20<\/strong> by various Financial Organizations<\/strong> in India and around the world. These forecasts are mostly asked in the General\/Economy\/Banking Awareness<\/strong> section in various Banking & Insurance Exams. Let us revise these and make sure that not a single mark is lost if the question is asked around this topic.<\/span><\/p>\n

Take a Free Oliveboard Grade B Phase 1 & FM Mock Test 2019<\/a><\/span><\/p>\n

India’s GDP Growth Forecast 2019<\/span><\/strong><\/h2>\n

By Various\u00a0Financial Organizations<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sr. No. <\/strong><\/span><\/td>\nOrganizations<\/strong><\/span><\/td>\nFY20 (2019-2020)<\/strong><\/span><\/td>\nFY21 (2020-2021)<\/strong><\/span><\/td>\n<\/tr>\n
1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nRBI (In 5th Bi-monthly Monetary Policy)<\/span><\/td>\n5%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nEconomic Survey 2018-19<\/span><\/td>\n7.0%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nIMF<\/span><\/td>\n6.1%<\/strong><\/span><\/td>\n7.2%<\/strong><\/span><\/td>\n<\/tr>\n
4.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nWorld Bank\u00a0<\/span><\/td>\n6%<\/strong><\/span><\/td>\n7.5%<\/strong><\/span><\/td>\n<\/tr>\n
5.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nAustralia and New Zealand Banking Group (ANZ)<\/span><\/td>\n6.2%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
6.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nUnited Nations\u2019 World Economic Situation and Prospects (UNESP) 2019<\/span><\/td>\n7.1%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
7.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nFICCI (Federation of Indian Chambers of Commerce and Industry) Economic Outlook Survey<\/span><\/td>\n5%<\/strong><\/span><\/td>\n7.2%<\/strong><\/span><\/td>\n<\/tr>\n
8.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nGoldman Sachs<\/span><\/td>\n5.1%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
9.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nSingapore DBS Group<\/span><\/td>\n6.2%<\/strong><\/span><\/td>\n7.0%<\/strong><\/span><\/td>\n<\/tr>\n
10.\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nFitch Solutions<\/span><\/td>\n4.6%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
11.\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nCRISIL<\/span><\/td>\n5.1%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
12.\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nCare Ratings Agency<\/span><\/td>\n6.4%-6.5%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
13.\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nOECD (Organization for Economic Co-Operation & Development)<\/span><\/td>\n5.8%<\/strong><\/span><\/td>\n6.3%<\/strong><\/span><\/td>\n<\/tr>\n
14.\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nAsian Development Outlook by ADB (Asian Development Bank)<\/span><\/td>\n5.1%<\/strong><\/span><\/td>\n7.2%<\/strong><\/span><\/td>\n<\/tr>\n
15.\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nUNCTAD (United Nations Conference on Trade and Development)<\/span><\/td>\n6%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
16.\u00a0\u00a0 \u00a0<\/strong><\/span><\/td>\nNCAER (National Council of Applied Economic Research)<\/span><\/td>\n4.9%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
17. <\/strong><\/span><\/td>\nIndia Ratings & Research Pvt. Ltd.<\/span><\/td>\n5.6%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
18. <\/strong><\/span><\/td>\nCSO<\/span><\/td>\n5%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
19. <\/strong><\/span><\/td>\nSBI<\/span><\/td>\n5%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
20. <\/strong><\/span><\/td>\nMoody<\/span><\/td>\n4.9%<\/strong><\/span><\/td>\n\u00a0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Note:<\/strong> We will keep updating the\u00a0list of India’s GDP Growth Forecast 2019 as and when these are updated by the respective Financial Organizations.\u00a0<\/span><\/p>\n

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Some Important Definitions<\/strong><\/span><\/h2>\n

Four ways have been developed to measure National Income GDP, NDP, GNP, NNP. through product method.<\/span><\/p>\n

    \n
  1. Gross Domestic Product<\/strong><\/span><\/li>\n
  2. Net Domestic Product<\/strong><\/span><\/li>\n
  3. Gross National Product<\/strong><\/span><\/li>\n
  4. Net National Product<\/strong><\/span><\/li>\n
  5. Per-Capita Income<\/strong><\/span><\/li>\n
  6. Factor Cost & Market Price<\/strong><\/span><\/li>\n
  7. Constant Prices & Current Prices<\/strong><\/span><\/li>\n
  8. Changes in GDP Calculation<\/strong><\/span><\/li>\n<\/ol>\n

    1. Gross Domestic Product<\/strong><\/span><\/h3>\n

    It is the\u00a0monetary value of the final goods and services produced in the territory of the country in a year.<\/strong>\u00a0\u00a0It is used by the IMF and World Bank in a comparative analysis of its member Nations.<\/span><\/p>\n

    It is a quantitative concept and here one year in India is calculated from\u00a0April to March<\/strong>.<\/span><\/p>\n

    2. Net Domestic Product<\/strong><\/span><\/h3>\n

    NDP is the monetary value of the final goods and services produced in the territory of the country in a year minus depreciation. It considers Depreciation. It is the net form of GDP.<\/span><\/p>\n