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India forecasts FY18 GDP growth at 6.5% vs 7.1% in FY17

GVA pegged at 6.1%; implicit calculation suggests H2FY18 growth will be 7%, says TCA Anant

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Illustration: Ajay Mohanty

BS Web TeamPTI New Delhi
The government on Friday said it expected the country's gross domestic product (at constant 2011-12 prices) to be Rs 129.85 trillion in the financial year ending in March -- growth of 6.5 per cent on a year-on-year basis, compared with 7.1% in 2016-17.

"The growth in GDP during 2017-18 is estimated at 6.5 per cent as compared to the growth rate of 7.1 per cent in 2016-17," the Ministry of Statistics & Programme Implementation said in its estimate of National Income for 2017-18.

Most private economists have pared their India growth forecast to 6.2-6.5 per cent for the 2017-18
Topics : GDP growth