India’s GDP Annual Growth Rate | 2018 Forecast | An Overview

1. The Reserve Bank of India (RBI) in its Second Bi-monthly Monetary Policy Statement (06th June 2018) projected India’s GDP (gross domestic product) growth rate of 7.4% for 2018-19. 

• RBI Governor – Dr Urjit Patel.
• RBI headquarter – Mumbai, India.

2. International Monetary Fund (IMF) in its World Economic Outlook survey projected India’s GDP growth rate to 7.3% in 2018-19 and 7.5% in 2019-20.

Note:

i. IMF projected India’s GDP growth rate at 7.3% in 2018-19.

• IMF Chief – Christine Lagarde
• IMF headquarter – Washington, D.C. (US)

3. World Bank in its Global Economic Prospects report projected India’s GDP growth rate to 7.3% in 2018 -19.

 Note:

i. World Bank projected India’s GDP growth rate at 7.3% in 2018-19.

ii. World Bank projected India’s GDP growth rate at 7.5% in 2019-20.

• World Bank President – Jim Yong Kim
• World Bank headquarter – Washington, D.C. (US)
• Members countries - 189

 4. Asian Development Bank (ADB) projected India’s GDP growth forecast to 7.3% in 2018-19 from its July forecast of 7.4%.

• ADB President: Takehiko Nakao
• ADB headquarter – Mandaluyong, Philippines
• Members countries - 67

5. United Nation (UN) in its World Economic Situation and Prospects report projected India’s GDP growth rate at 7.6% in 2018-19.

Note: 

i. UN projected India’s GDP growth rate at 7.6% in 2018-19.

• UN Secretary‑General - António Guterres
• UN headquarter – New York, US
• Members countries - 193

6. The credit rating agency Fitch Ratings has projected India’s GDP forecast to 7.4% for 2018-19.

• Fitch CEO – Paul Taylor
• Fitch Ratings headquarter – New York, US

7. India Ratings and Research had projected India’s GDP growth forecast to 7.4% in 2018-19.

• India Ratings and Research MD & CEO - Rohit Sawhney.
• India Ratings and Research headquarter – Mumbai, Maharashtra

8. Domestic rating agency CRISIL had projected India’s GDP growth forecast to 7.5% in 2018-19.

• CRISIL MD & CEO - Ashu Suyash
• CRISIL headquarter – Mumbai, Maharashtra

9. Federation of Indian Chambers of Commerce and Industry (FICCI) projected India's GDP growth rate to 7.5% in 2018-19.

• FICCI President – Rashesh Shah
• FICCI headquarter – New Delhi, India

10. The Central Statistics Office (CSO) estimated India’s GDP growth forecast to 7.5% in 2018-19.

• CSO Director General – Rajeev Lochan
• CSO headquarter – New Delhi, India

11. Japanese financial holding company Nomura projected India’s GDP growth to be around 7.7% in 2018-19.

• Nomura CEO - Koji Nagai 
• Nomura headquarter - Minato, Tokyo, Japan

12. Organisation for Economic Cooperation and Development (OECD) revised India’s GDP growth rate at 7.4% in 2018-19.

 Note: OECD projected India’s GDP growth rate at 7.4% in 2018-19.

• OECD Secretary-General: José Ángel Gurría Treviño
• OECD headquarter – Paris, France
• Member countries – 35

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