Source: India's economic survey likely to forecast 2020/21 growth at 6%-6.5% - Reuters

Dhwani Mehta FXStreet

Reuters quotes a source with the knowledge of the matter, saying that an economic survey, due to be announced by India’s Chief Economic Adviser Krishnamurthy Subramanian later on Friday, is likely to project economic growth of 6% to 6.5% in the next Fiscal Year (FY) starting April 1.

Meanwhile, the government has estimated gross domestic product expansion at 5% for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008/09.

The government will present its budget for the next fiscal year on Saturday.

The Indian rupee trades on the front foot ahead of the key announcements, keeping USD/INR under pressure around 71.50 region.

India: GDP likely grew by 5.0% over 2019 – TD Securities

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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