Don’t miss the latest developments in business and finance.

India forecasts 2018/19 growth at 7.2 percent

Image
Reuters NEW DELHI
Last Updated : Jan 07 2019 | 6:11 PM IST

NEW DELHI (Reuters) - The Indian government said on Monday it expects the economy to grow at 7.2 percent in the fiscal year ending in March, up from 6.7 percent a year earlier.

Most private economists have already lowered India's growth forecast to around 7 percent for the 2018/19 fiscal year, compared with the Reserve Bank of India's earlier estimate of 7.4 percent, citing weakening consumption and slowdown in credit offtake.

(Reporting by Manoj Kumar; Editing by Subhranshu Sahu)

Also Read

First Published: Jan 07 2019 | 5:50 PM IST

Next Story