Short-term prospects For policy purposes, real GDP growth has been estimated to be in the range of 8 to 8.5% for the year 2008-2009 (year ending March 2009). There are several reasons why this expectation is realistic. Over the last five years, the Indian economy has expanded on an average at 8.7 percent per annum.
We have much less experience modeling and predicting these operational risks than we do credit or market risks, and indeed some threats may be too idiosyncratic to be modeled at all. As a result, a prudential supervisory model appears preferable at this time.