India: in February 2019 the Reserve Bank of India expected GDP growth of 7.4% for fiscal 2019/20; the outcome was 3.9%
Forecasts of 57 releases (2016–2025) for the fiscal year starting in April of the release year: the outcome above the forecast 32 times, below 25; typical error +0.20 percentage points. The largest under-forecast in October 2020: −9.5% expected for fiscal 2020/21, the outcome was −5.8%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →