The figures are in line with the growth projections in this year's Economic Survey, which said India is likely to clock 7-7.5 per cent growth in 2018-19, up from 6.75 per cent in the current fiscal.
"NCAER forecasts a growth of 6.7 per cent for the Gross Domestic Product (GDP) at market prices... For 201819, NCAER forecasts a growth of 7.5 per cent for GDP at market prices," it said.
In a statement, the National Council of Applied Economic Research (NCAER) also said that in 201718, the real agriculture Gross Value Added (GVA) is envisaged to grow at 1.0 per cent, real industry GVA at 5.2 per cent, and real services GVA at 8.0 per cent.
The growth rates in exports and imports, in dollar terms, are estimated at 12.8 per cent and 24.8 per cent, respectively.
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The statement said current account balance and central fiscal deficit, as percentages of GDP, are projected at 2.0 per cent and 3.5 per cent, respectively, for 201718.
The think-tank also said that in the agriculture sector, the estimated output of major crops based on area and output equations, suggests that the output of kharif foodgrains is expected to be 139.8-141.2 million tonnes.
Noting that the RBI maintained status quo at its sixth bi-monthly policy meeting in February 2018, the statement said, "Based on the current and evolving macroeconomic situation of the economy, the RBI is expected to continue with the neutral liquidity stance in the coming months.