NEW DELHI (Reuters) - India's economy should grow between 7 percent and 7.5 percent in the upcoming fiscal year that begins on April 1, the finance ministry will say in its pre-budget Economic Survey on Monday, financial newswire Newsrise reported citing a source.
The annual survey, set to be presented in Parliament later on Monday, comes ahead of Finance Minister Arun Jaitley's annual budget that is set to be presented on Thursday.
The forecast comes after the government this month lowered its GDP growth forecast for the year ending March 2018 to 6.5 percent, the weakest pace in four years.
(Writing by Euan Rocha and Sanjeev Miglani)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app