While Gross Domestic Product (GDP) growth has taken a hit in 2017-18, the government hoping it would remain above seven per cent from the final quarter (January-March) of the current financial year onwards.
After a big hit on industrial growth due to the introduction of the goods and services tax regime, the current financial year is now expected to see economic growth of 6.5 per cent.
On Friday, the government said it expected economic growth at current prices to slow down from the 7.1 per cent of the previous financial year.
In manufacturing, growth in gross value added was 4.6 per cent, reflecting