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India forecasts 2017/18 growth at 6.5 percent

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Reuters NEW DELHI
Last Updated : Jan 05 2018 | 6:05 PM IST

NEW DELHI (Reuters) - The Indian government on Friday said it expects economic growth to slow down to 6.5 percent in the fiscal year ending in March from 7.1 percent a year earlier.

Most private economists have pared India's growth forecast to 6.2 to 6.5 percent for the 2017/18 fiscal year, citing the impact of the chaotic launch of Goods and Services Tax in July on business activities.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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First Published: Jan 05 2018 | 5:57 PM IST

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