RBI May Peg 6.2% GDP After Budget Nudge

In the Budget documents, however, the government has assumed a nominal GDP growth rate of 11 percent 90 basis points lower than the CSO estimates. 

Clearly, ceteris paribus or other things remaining equal, an 11 percent nominal GDP growth in 2016-17 could effectively translate into a real GDP growth rate of about 6.2 percent.

Amid signs of slide in consumer goods sales and muted investment activity because of the cash crunch, it is highly likely that the CSO will sharply revise downwards India’s GDP growth in its first provisional figures in May as the advanced estimates were based on incomplete corporate income and factory output data.

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