India Ratings and Research (Ind-Ra) forecasts FY15 gross domestic product (GDP) to grow 7.3% as against Central Statistics Office's (CSO) advanced estimate of 7.4%. Also, it expects private final consumption expenditure and government final consumption expenditure to grow a tad lower than the advanced estimate. Investment growth, however, is likely to match CSO's advanced estimate for FY15 and grow at 5.1%.

Ind-Ra expects net exports (difference between exports and imports in national income accounting) to have turned positive in 4QFY15. However, as a whole they will still be negative for FY15, by being lower than the advanced estimate. Thus, this will contribute positively to GDP growth.