The Indian government called on Friday for more monetary easing as it flagged risks to economic growth and budget targets, citing a series of deflationary impulses weighing on Asia's third-largest economy. In its mid-year economic survey, Chief Economic Adviser Arvind Subramanian said there were downside risks to the official growth forecast of 6.75-7.5 percent for the fiscal year to March 2018. Growth slowed to 6.1 percent in the March quarter, hitting its lowest in more than two years following a radical monetary reform that purged high-value banknotes from ...
Finance ministry flags risks to growth, sees inflation below RBI target
The survey also said inflation was expected to remain below the RBI's medium-term target of 4%