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GDP Projections – RBI + Merill + Citi + Others

August 20, 2008

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.

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