RBI releases results of survey on macroeconomic indicators

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Mumbai, Nov 3 (UNI) The Reserve Bank of India (RBI) today released the results of quarterly survey of professional forecasters on major macroeconomic indicators of medium term economic developments.

The Reserve Bank has been conducting the survey on a quarterly basis from the second quarter ended September 2007. Done through a questionnaire responded by 23 forecasters who participated in this round, the survey covered component-wise detailed forecasts of GDP growth, inflation, savings, capital formation, consumption expenditure, export, import, interest rates, money supply, credit growth, stock market movements, corporate profit and other indicators.

The Reserve Bank will disseminate the survey results through its website on a regular basis, a release issued by RBI said.

The results of the survey represent views of the respondent forecasters and in no way reflect the views or forecasts of the Reserve Bank of India, the release said.

UNI AR SR AG2036

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