By admin       2018-01-08

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. India lowers economic growth forecast ahead of budget *GDP growth seen at 6.5 pct y/y in 2017/18 vs 7.1 pct year ago *Manufacturing growth seen at 4.6 pct vs 7.9 pct year ago *Shaky rollout of nationwide tax hits economy, analyst says *Central bank seen holding interest rates as inflation picks up.

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