More than 95% people have started wearing masks or covering nose and mouth, but the percentage of people following other precautions to prevent coronavirus spread is still low, shows an NCAER survey
The RBI is kept out of directly monetising the government's fiscal deficit because it may give rise to unproductive spendings.
The NSO as well as the RBI has projected the GDP growth rate at 5 per cent for the current fiscal
Forecast lowest among recent predictions
NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging
This is based on the 110th Round of the Business Expectations Survey (BES) carried out by NCAER, said the National Council of Applied Economic Research
The IMF projected the growth rate at 7% for FY20, while the World Bank saw it at 7.5%
The National Council of Applied Economic Research (NCAER) has scaled up India's economic growth projection to 7.6 per cent for 2015-16, from the earlier 7.4 per cent. It pegged the growth marginally higher at 7.7 per cent for 2016-17, due to a pickup in the agriculture sector on the back of expected normal monsoon."NCAER's annual model for gross domestic product (GDP), at 2011-12 prices, estimates GDP growth rate at 7.6 per cent for 2015-2016 and forecasts it at 7.7 per cent for 2016-17," the council said in its latest quarterly review. In its previous quarterly review, it had projected the economy to grow by 7.4 per cent in 2014-15. Its new projections are in line with the government expectations for 2015-16. The data would be released by this month end. NCAER predicted exports to contract 1.6 per cent in 2016-17, which would be their third year of decline. Despite the agriculture sector expected to perform better, NCAER believed that the economy would grow just one percentage poin
The NCAER report also said that India might not export any wheat in 2016-17 marketing year
In this March 2011 interaction with Kanika Datta, the former NCAER head had suggested the tradition of scholar-practitioners in govt must be strengthened and research made more demand-driven