"We expect GDP growth of around 8 percent in 2016-17. Now you may compare this with 7.6 percent that the RBI forecasts for 2016-17. I can only point out to you that the way in which GDP is calculated is somewhat imprecise science," new CII President Naushad Forbes told reporters here.
He termed strong macroeconomic fundamentals, favourable business sentiments, and downward trend in interest rates are significant positives for the economy.
The Reserve Bank today forecast a 7.6 percent growth for the current fiscal on the back of favourable monsoon, a notch lower than the upper end of government's range of 7 percent to 7.75 per cent.

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