May 26, 2020
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Revised growth forecast for 2000-2001

   Before After
RBI 6.5-7 6-6.5
CMIE 7 5.8
NCAER 7 6.4


April-June GDP growth rate was a poor 5.8 per cent compared to the first quarter of 1999-2000
Industry grew only at 5.4 per cent in July compared to 8 per cent in March 2000. Capital goods sector is stagnant and services slowing down.
Inflation in first quarter of 2000 has touched 6.4 per cent, about double than the first quarter of 1999
Costlier oil imports may widen the trade gap. Already at $3 billion in the first quarter compare to $2.3 billion in the first quarter of the previous year.
Deficient monsoon in three big states dampens hopes of a good farm sector growth.
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