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The latest Economic Outlook Survey puts across a GDP growth (at market prices)
estimate of 7.8% for the fiscal year 2015-16, with a range of 7.5% to 8.0%. The survey drew
responses from leading economists from the industry, banking and financial services sector.
The estimates indicate median forecasts and are based on the projections made by the
participating economists. In the current fiscal year, GDP growth is likely to be supported by
an uptick in industry and services sector performance. Based on the responses received, the
industry sector is estimated to grow by 6.5% in 2015-16 and the services sector by 10.3%.
The agriculture sector performance, however, might come under strain with the
meteorological department predicting sub-par monsoons this year. The median growth
forecast for agriculture and allied activities sector is 3.2% for the year 2015-16, with the
minimum and maximum range varying between 1.2% and 4.0%. Further, a majority of the
economists participating in the survey felt that achieving a growth between 8.1% and 8.5% in
2015-16.
The forecast for the beginning of October 65.51. The rate at the end 63.89. Maximum rate
66.35, while minimum 62.61. The expected average of USD/INR exchange rate 64.7 for
October 2015.
USD to INR forecast for November 2015.
The forecast for the beginning of November 63.89. The rate at the end 64.63. Maximum rate
65.92, while minimum 63.34. The forecasted average of Dollar exchange rate 64.26 for
November 2015.
Dollar to Indian Rupee exchange rate forecast for December 2015.
The forecast for the beginning of December 64.63. The rate at the end 65.92. Maximum rate
67.24, while minimum 64.6. The expected average of USD/INR exchange rate 65.28 for
December 2015.
USD to INR forecast for January 2016.
The forecast for the beginning of January 65.92. The rate at the end 66.05. Maximum rate
67.37, while minimum 64.73. The forecasted average of Dollar exchange rate 65.99 for
January 2016.