DBS raises real GDP estimate to 7.4% for this fiscal
As per the report, while private consumption is likely to benefit from better urban and non-farm spending, the agricultural sector will have to deal with easing real wage growth, falling crop prices and weak terms of trade.
DBS has raised the real GDP forecast for the current financial year to 7.4 per cent as against 6.7 per cent in last fiscal, Image source:Reuters