SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. GDP growth to be 7.4% in 2015-16: Ficci Outlook Survey

GDP growth to be 7.4% in 2015-16: Ficci Outlook Survey

24 Feb 2016 Evaluate

Not going in line with the Central Statistics Office' (CSO) ambitious estimates for the economic growth, industry body the Federation of Indian Chambers of Commerce and Industry (FICCI), has said that the Indian economy is expected to grow at 7.4 percent in the current fiscal, slightly lower than 7.6 percent projected in advance estimates of CSO.

The latest Economic Outlook Survey of the Ficci which was conducted during January/February 2016 among economists belonging to the industry, banking and financial services sector, has put across a median GDP growth forecast of 7.4 percent for the current fiscal year, which marks no change from the estimated growth in the previous survey round.

According to the survey results, agriculture sector is expected to record a growth of 1.7% in 2015-16, 0.3 percentage points lower than estimated growth in the previous round. Rabi sowing has been low in many areas owing to relatively warm winter this season. Industrial growth is projected to improve to 7.1% in 2015-16, while services sector growth is estimated at 9.7%.

The outlook of the participating economists on inflation remained moderate. The median forecast for Wholesale Price Index based inflation rate for 2015-16 has been put at (-)1.8 percent, with a minimum and maximum range of (-)2.8 percent and (-) 0.4 percent, respectively. The Consumer Price Index based inflation has a median forecast of 5.0% for 2015-16, with a minimum and maximum range of 4.6% and 6.3% respectively.

In the survey, most of the participants agreed that the impact of a slowdown in China, which is the second largest economy, on global growth is inevitable.This is expected to cause some volatility in the system, especially on other emerging markets. However, the economists opined that a repeat of the 2008 crisis was unlikely but one can expect continuing divergence in growth rates of developed and emerging economies.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×